XYZ Ltd. issued 60,000, 12% debentures of ₹100 each. 70% of the issue was underwritten by ABC Ltd. Applications for 56,000 debentures were received by the XYZ Ltd. The liability of ABC Ltd. is :
CS Executive · Corporate and Management Accounting · PYQS · December 2021
XYZ Ltd. issued 60,000, 12% debentures of ₹100 each. 70% of the issue was underwritten by ABC Ltd. Applications for 56,000 debentures were received by the XYZ Ltd. The liability of ABC Ltd. is :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Company Accounts
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