1 Issue price questions from CUET Accountancy 2023 11 June Shift 3 with detailed answers and explanations. Free previous year questions and MCQs.
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Issue price โ CUET Accountancy 2023 11 June Shift 3(1โ1 of 1)
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Q1mediummcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Rancho Ltd. was running successfully since last 8 years. Post covid there were some financial problems faced by firm, like many industries were facing. Due to their past reputation they could manage the permission from SEBI for issuing of shares on 1 Aug, 2022. They also decided to issue 12% Debentures of Rs. 100 each at 10% Discount and were to be redeemed at 25% premium in such a way that they could arrange fund of Rs. 45,00,000. At the time of issue of Debenture they also issued equity Share of Rs. 30,00,000 at 20% premium.Determine the number of Debentures to be issued.