ABC Industries Ltd, issued 2,000, 10% Debentures of Rs.100 each, at a premium of Rs. 10 per debenture payable as follows: On application Rs. 50 On allotment Rs. 60 The debentures were fully subscribed, and all money was duly received. The amount of long-term borrowings on the balance sheet will be |
2,00,000 1,00,000 1,20,000 2,20,000 |
2,00,000 |
The correct answer is Option (1) → 2,00,000 |