Class 10 Exam > Class 10 Questions > Venus Ltd. is a real estate company. To disch...
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Venus Ltd. is a real estate company. To discharge its corporate social
responsibility, it decided to construct a night shelter for the homeless. The
company took over assets of `10,00,000 and liabilities of `1,80,000 of Cayns
Ltd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discount
of 5% in full satisfaction of th?
responsibility, it decided to construct a night shelter for the homeless. The
company took over assets of `10,00,000 and liabilities of `1,80,000 of Cayns
Ltd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discount
of 5% in full satisfaction of th?
Most Upvoted Answer
Venus Ltd. is a real estate company. To discharge its corporate social...
Explanation:
Acquisition of Cayns Ltd.:
- Venus Ltd. took over the assets of `10,00,000 and liabilities of `1,80,000 of Cayns Ltd. for `7,60,000.
- This means that Venus Ltd. acquired the assets and liabilities of Cayns Ltd. for a net cost of `7,60,000.
Issuance of 9% Debentures:
- Venus Ltd. issued 9% Debentures of `100 each.
- The debentures were issued at a discount of 5%.
- This means that the debentures were issued at `95 per debenture.
Full Satisfaction of Liabilities:
- The debentures were issued in full satisfaction of the liabilities of Cayns Ltd.
- This means that the liabilities of Cayns Ltd. were paid off using the proceeds from the issuance of the debentures.
Explanation in Detail:
- Venus Ltd. decided to construct a night shelter for the homeless as a part of its corporate social responsibility.
- To fund this project, Venus Ltd. needed to raise capital.
- One way to raise capital is by issuing debentures.
- Venus Ltd. issued 9% Debentures of `100 each at a discount of 5%.
- This means that the debentures were issued at `95 per debenture.
- The total amount of debentures issued was `7,60,000 (`95 x 8,00,000).
- Venus Ltd. used the proceeds from the issuance of the debentures to pay off the liabilities of Cayns Ltd.
- Cayns Ltd. had liabilities of `1,80,000.
- This means that Venus Ltd. used `1,80,000 from the proceeds of the debenture issuance to pay off the liabilities of Cayns Ltd.
- Venus Ltd. acquired the assets of Cayns Ltd. for `10,00,000 and liabilities of `1,80,000 for a net cost of `7,60,000.
- By issuing the debentures and using the proceeds to pay off the liabilities of Cayns Ltd., Venus Ltd. was able to acquire the assets of Cayns Ltd. at a lower cost.
- This allowed Venus Ltd. to use the remaining funds to construct the night shelter for the homeless.
Acquisition of Cayns Ltd.:
- Venus Ltd. took over the assets of `10,00,000 and liabilities of `1,80,000 of Cayns Ltd. for `7,60,000.
- This means that Venus Ltd. acquired the assets and liabilities of Cayns Ltd. for a net cost of `7,60,000.
Issuance of 9% Debentures:
- Venus Ltd. issued 9% Debentures of `100 each.
- The debentures were issued at a discount of 5%.
- This means that the debentures were issued at `95 per debenture.
Full Satisfaction of Liabilities:
- The debentures were issued in full satisfaction of the liabilities of Cayns Ltd.
- This means that the liabilities of Cayns Ltd. were paid off using the proceeds from the issuance of the debentures.
Explanation in Detail:
- Venus Ltd. decided to construct a night shelter for the homeless as a part of its corporate social responsibility.
- To fund this project, Venus Ltd. needed to raise capital.
- One way to raise capital is by issuing debentures.
- Venus Ltd. issued 9% Debentures of `100 each at a discount of 5%.
- This means that the debentures were issued at `95 per debenture.
- The total amount of debentures issued was `7,60,000 (`95 x 8,00,000).
- Venus Ltd. used the proceeds from the issuance of the debentures to pay off the liabilities of Cayns Ltd.
- Cayns Ltd. had liabilities of `1,80,000.
- This means that Venus Ltd. used `1,80,000 from the proceeds of the debenture issuance to pay off the liabilities of Cayns Ltd.
- Venus Ltd. acquired the assets of Cayns Ltd. for `10,00,000 and liabilities of `1,80,000 for a net cost of `7,60,000.
- By issuing the debentures and using the proceeds to pay off the liabilities of Cayns Ltd., Venus Ltd. was able to acquire the assets of Cayns Ltd. at a lower cost.
- This allowed Venus Ltd. to use the remaining funds to construct the night shelter for the homeless.
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Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th?
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Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th?.
Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th?.
Solutions for Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th? in English & in Hindi are available as part of our courses for Class 10.
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Here you can find the meaning of Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th? defined & explained in the simplest way possible. Besides giving the explanation of
Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th?, a detailed solution for Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th? has been provided alongside types of Venus Ltd. is a real estate company. To discharge its corporate socialresponsibility, it decided to construct a night shelter for the homeless. Thecompany took over assets of `10,00,000 and liabilities of `1,80,000 of CaynsLtd. for `7,60,000. Venus Ltd., issued 9% Debentures of `100 each at a discountof 5% in full satisfaction of th? theory, EduRev gives you an
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