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A company issued 1,00,000 equity shares of Rs. 10 each at a premium of Rs. 2 and 5,000 10% debentures of Rs.100 each at 10% discount. All the shares and debentures were subscribed and allotted by crediting 10% debentures account with (A) Rs. 10,00,000 (B) Rs. 12,00,000 (C) Rs. 5,00,000 (D) Rs. 4,50,000
The purpose of accommodation bill is (A) to finance actual purchase or sale of goods (B) to facilitate trade transmission (C) when both parties are in need of funds (D) None of the above
A purchased a computer costing Rs. 10, 000. Repairing expenses Rs. 1, 000 and miscellaneous expenses Rs. 500 were incurred by him. He sold the computer at 20% margin on selling price. The sales value will be (A) Rs. 12, 500 (B) Rs. 11, 000 (C) Rs. 14, 375 (D) Rs. 13, 800
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