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Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above?
Most Upvoted Answer
Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 ...
Answer:
Given:
Cost of Plant and Machinery = Rs. 2,00,000
Amount paid in Cash = Rs. 65,000
Balance amount paid by issuing 6% Debentures of Rs. 1000 each at a discount of 10%
Let's first calculate the amount paid through debentures:
Amount paid through debentures = Rs. 2,00,000 - Rs. 65,000 = Rs. 1,35,000
We know that each debenture is issued at a discount of 10%. So, the amount received against each debenture is:
Amount received against each debenture = Rs. 1000 - (10/100) * Rs. 1000
= Rs. 1000 - Rs. 100
= Rs. 900
Now, let's calculate the number of debentures issued:
Number of debentures issued = Amount paid through debentures / Amount received against each debenture
= Rs. 1,35,000 / Rs. 900
= 150
Therefore, Z Ltd issued 150 debentures of Rs. 1000 each.
Now, let's calculate the total value of debentures issued:
Total value of debentures issued = Number of debentures issued * Face value of each debenture
= 150 * Rs. 1000
= Rs. 1,50,000
We know that the company issued debentures at a discount of 10%. So, the amount received by the company will be:
Amount received by the company = Total value of debentures issued * (100 - Discount %) / 100
= Rs. 1,50,000 * (100 - 10) / 100
= Rs. 1,35,000
Therefore, the discount on issue of debenture will be calculated as follows:
Discount on issue of debenture = Total value of debentures issued - Amount received by the company
= Rs. 1,50,000 - Rs. 1,35,000
= Rs. 15,000
Hence, the discount on issue of debenture is Rs. 15,000 and the correct option is A) Rs. 15,000.
Given:
Cost of Plant and Machinery = Rs. 2,00,000
Amount paid in Cash = Rs. 65,000
Balance amount paid by issuing 6% Debentures of Rs. 1000 each at a discount of 10%
Let's first calculate the amount paid through debentures:
Amount paid through debentures = Rs. 2,00,000 - Rs. 65,000 = Rs. 1,35,000
We know that each debenture is issued at a discount of 10%. So, the amount received against each debenture is:
Amount received against each debenture = Rs. 1000 - (10/100) * Rs. 1000
= Rs. 1000 - Rs. 100
= Rs. 900
Now, let's calculate the number of debentures issued:
Number of debentures issued = Amount paid through debentures / Amount received against each debenture
= Rs. 1,35,000 / Rs. 900
= 150
Therefore, Z Ltd issued 150 debentures of Rs. 1000 each.
Now, let's calculate the total value of debentures issued:
Total value of debentures issued = Number of debentures issued * Face value of each debenture
= 150 * Rs. 1000
= Rs. 1,50,000
We know that the company issued debentures at a discount of 10%. So, the amount received by the company will be:
Amount received by the company = Total value of debentures issued * (100 - Discount %) / 100
= Rs. 1,50,000 * (100 - 10) / 100
= Rs. 1,35,000
Therefore, the discount on issue of debenture will be calculated as follows:
Discount on issue of debenture = Total value of debentures issued - Amount received by the company
= Rs. 1,50,000 - Rs. 1,35,000
= Rs. 15,000
Hence, the discount on issue of debenture is Rs. 15,000 and the correct option is A) Rs. 15,000.
Community Answer
Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 ...
200000-65000=135000.
1000=100,
1000-100=900
135000/900*100
Answer is 15000/rupees
1000=100,
1000-100=900
135000/900*100
Answer is 15000/rupees
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Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above?
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Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above?.
Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above?.
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Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above?, a detailed solution for Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above? has been provided alongside types of Z ltd purchased plant and machinery for rs.200000 payable as rs.65000 in Cash and the balance by issue of 6% debeture of rs,.1000 each at a discount of 10%. Discount on issue of debeture will be? A.rs15000 B.rs 14000 C.rs 10000 D.none of the above? theory, EduRev gives you an
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