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T Ltd. purchased land and building from U Ltd. for a book value of Rs. 3,00,000. The consideration was paid by issue of 12% Debentures of Rs. 100 each at a discount of 20%. The debentures account is credited with.
  • a)
    Rs. 3,00,000
  • b)
    Rs. 3,75,000
  • c)
    Rs. 3,60,000
  • d)
    Rs. 2,40,000
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
T Ltd. purchased land and building from U Ltd. for a book value of Rs....
No. of Debentures = Book value of land and building / Issue price of debentures
Issue price of debentures= Rs. 100 - 20
                                           = Rs. 80
No. of debentures= 300000/80
                               = 3750 debentures
Debentures account will be credited with the amount of 375000 (3750 x 100).
Correct option is B. Rs. 3,75,000
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T Ltd. purchased land and building from U Ltd. for a book value of Rs.3,00,000. The consideration was paid by issue of12%Debentures of Rs.100each at a discount of20%. The debentures account is credited with.a)Rs.3,00,000b)Rs.3,75,000c)Rs.3,60,000d)Rs.2,40,000Correct answer is option 'B'. Can you explain this answer?
Question Description
T Ltd. purchased land and building from U Ltd. for a book value of Rs.3,00,000. The consideration was paid by issue of12%Debentures of Rs.100each at a discount of20%. The debentures account is credited with.a)Rs.3,00,000b)Rs.3,75,000c)Rs.3,60,000d)Rs.2,40,000Correct answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about T Ltd. purchased land and building from U Ltd. for a book value of Rs.3,00,000. The consideration was paid by issue of12%Debentures of Rs.100each at a discount of20%. The debentures account is credited with.a)Rs.3,00,000b)Rs.3,75,000c)Rs.3,60,000d)Rs.2,40,000Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for T Ltd. purchased land and building from U Ltd. for a book value of Rs.3,00,000. The consideration was paid by issue of12%Debentures of Rs.100each at a discount of20%. The debentures account is credited with.a)Rs.3,00,000b)Rs.3,75,000c)Rs.3,60,000d)Rs.2,40,000Correct answer is option 'B'. Can you explain this answer?.
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