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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 3 · Q2
Sunbeam Ltd. issued 20,000, 11% debentures of ₹ 100 each at a premium of 10%, redeemable at a premium of 5%. The Loss on Issue of Debentures Account…
Sunbeam Ltd. issued $\displaystyle 20,000$, $\displaystyle 11$% debentures of ₹ $\displaystyle 100$ each at a premium of $\displaystyle 10$%, redeemable at a premium of $\displaystyle 5$%. The Loss on Issue of Debentures Account will debited by :
Nargis Ltd. purchased assets of ₹ $\displaystyle 8,00,000$ and took over liabilities of ₹ $\displaystyle 2,00,000$ from Gauri Ltd. The payment was made by issue of $\displaystyle 8$% Debentures of ₹ $\displaystyle 100$ each at a premium of $\displaystyle 20$%. Number of debentures issued will be :
Official answer
(a) → (C)
(b) → (B)
Marking-scheme solution
(c)
₹$\displaystyle 1,00,000$
OR
(ii)
Q. Nargis Ltd. purchased assets of ₹$\displaystyle 8,00,000$…….
Ans. (b) $\displaystyle 5,000$
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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.