10% Debenture A/c is always credited with the nominal/face value of debentures issued, irrespective of whether they are issued at par, premium or discount. Face value = 2000 x 100 = Rs. 2,00,000.
The company purchased plant with a book value of Rs. 1,90,000 from National Victory Company and agreed to pay via issuing 2000, 10% Debentures of Rs.…
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
The company purchased plant with a book value of Rs. 1,90,000 from National Victory Company and agreed to pay via issuing 2000, 10% Debentures of Rs. 100 each at a discount of 5%.
Amount that will be credited to 10% Debenture A/c will be:
Official previous-year question
Held on 20 Aug 2022 · Verified 13 Jul 2026.
Options
- A
Rs. 1,90,000
- B
Rs. 2,00,000
- C
Rs. 2,40,000
- D
Rs. 10,000
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