Practicing Success
Read the following passage and answer the questions given below- Abhishek Ltd. issued 5,000 debentures @ 9% p.a. of ₹100 each at a premium of ₹20 payable as follows- |
How much amount was received on the application? |
₹2,00,000 ₹3,00,000 ₹1,50,000 ₹2,50,000 |
₹2,00,000 |
The correct answer is option 1- ₹2,00,000. Application = 5,000 debentures |