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.
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
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.