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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 2 · Q11
Sujata Ltd. issued 5,000, 7% Debentures of ₹ 100 each at a premium of 10%. According to the terms of issue, 40% of the amount was payable on…
Sujata Ltd. issued $\displaystyle 5,000$, $\displaystyle 7$% Debentures of ₹ $\displaystyle 100$ each at a premium of $\displaystyle 10$%. According to the terms of issue, $\displaystyle 40$% of the amount was payable on application and the balance on allotment. The issue was fully subscribed and all amounts were duly received. The amounts received on application and allotment respectively were :
Official answer
(C)
₹ $\displaystyle 2,00,000$ and ₹ $\displaystyle 3,50,000$
Marking-scheme solution
(c)
₹$\displaystyle 2,00,000$ and ₹$\displaystyle 3,50,000$
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.