Practicing Success
Practicing Success
CUET Preparation Today
| Analyze the case given below and answer the questions that follow: Anil Technologies limited company issued 5,000, 9% Debentures of Rs. 100 each at a premium of Rs. 20 payable as follows: 1. Rs. 40 including premium of Rs. 10 on application 2. Rs. 40 including premium of Rs. 10 on allotment 3. Balance on first and final call Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made and amounts received. |
| What is the total interest payable on the debentures issued for one year? |
Rs. 1,20,000 Rs. 45,000 Rs. 18,000 Rs. 54,000 |
| Rs. 45,000 |
| Nominal Value of Debentures = Rs. 5,00,000 Rate of Interest = 9 % Interest on Debentures = 5,00,000 x 9/100 = Rs. 45,000 |
