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XYZ Industries Ltd., issued 2,000, 10% debentures of Rs. 100 each, at a premium of Rs. 10 per debenture payable as follows: On application Rs. 50. On allotment Rs. 60. The debentures were fully subscribed, and all money was duly received. Calculate the amount received at the time of allotment.

Solution

✅ Correct Option: 3

Allotment money is Rs 60 per debenture, which includes the premium of Rs 10. Amount received on allotment =2,000×60=1,20,000= 2,000 \times 60 = 1,20,000.

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