F Ltd. purchased machinery for a book value of ₹ 4,00,000. The consideration was paid by issue of 10% Debentures of ₹ 100 each at a discount of 20%. The Debenture Account will be credited by :
A. ₹ 4,00,000
B. ₹ 5,00,000
C. ₹ 3,20,000
D. ₹ 4,80,000
Answer:B
F Ltd. purchased machinery for a book value of ₹ 4,00,000. The consideration was paid by issue of 10% Debentures of ₹ 100 each at a discount of 20%. The Debenture Account will be credited by :
A. ₹ 4,00,000 B. ₹ 5,00,000 C. ₹ 3,20,000 D. ₹ 4,80,000