CBSE 2025 · Region 1 · Set 3 · Q14

VL Ltd. offered for public subscription $\displaystyle 90,000$ equity shares of ₹ $\displaystyle 10$ each at a premium of $\displaystyle 10$%. The entire amount was payable on application. Applications were received for $\displaystyle 1,00,000$ shares and allotment was made to all the applicants on pro-rata basis. The amount received on application was

OR

VX Ltd. issued $\displaystyle 30,000$, $\displaystyle 8$% debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 10$% redeemable at a certain rate of premium. On issue of these debentures, 'Loss on issue of debentures account' was debited with ₹ $\displaystyle 4,50$,000. The amount of premium on redemption of debentures was