CUET Accountancy 2023 20 June Shift 2 PYQs

Debenture suspense is shown in the balance sheet as

XYZ Ltd. purchased assets worth Rs. 3,00,000 from Blue Prints Ltd., and took over its liabilities worth Rs. 20,000 for a purchase consideration of Rs. 3,15,000. XYZ Ltd. paid the purchase consideration by issuing 12% debentures of Rs. 100 each at a premium of 5%.

How many debentures would be issued, if debentures were issued at par?

Debentures are issued at a discount. In which of the following the difference between their nominal value and the issue price is treated as the amount of interest.