1). indigo ltd had 9000,10% redeemable preference shares of 10/- each,fully paid up. the company decided to redeem these preference shares at par by the issue of sufficient number of equity shares of 10/- each fully paid up @ discount of 10%.the no. of equity shares issued should be
a).9000
b).11000
c).10000
d).none
2). a company issued 100000 equity shares of 10/- each at a premium of 2/- and 5000,10% debentures of 100/- each at 10% discount.all the shares & debentures were subscribed & alloted by crediting 10% debentures ac with
a). 1000000
b).1200000
c).500000
d).450000
3). kena ltd issued 10000,12% debentures of 100/- each at a discount of 10% payable in full on application by 31 st march,2006.applications were received for 12000 debentures.debentures were alloted on 9th june 2006.the amount of excess money refunded on the same date will be
a).180000
b).100000
c).120000
d).150000
solve step by step.
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