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Question
Electronics Ltd. issued 10,000, 6% Debentures of ₹ 100 each at a premium of ₹ 10. It will credit 6% Debentures Account by ______.
Options
₹ 11,00,000.
₹ 10,00,000.
₹ 9,00,000.
₹ 8,00,000.
MCQ
Fill in the Blanks
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Solution
Electronics Ltd. issued 10,000, 6% Debentures of ₹ 100 each at a premium of ₹ 10. It will credit 6% Debentures Account by ₹ 10,00,000.
Explanation:
Debentures Account is credited with the face value of debentures, not the issue price.
10,000 × ₹ 100 = ₹ 10,00,000
The premium of ₹ 10 per debenture is credited separately.
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