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X Ltd. purchased land and building worth Rs. 28,80,000 and in lieu issued debentures of Rs. 100 each at a discount of 4%. The number of debentures issued will be:
A
28,800
B
30,000
C
32,000
D
None of the above
Correct Answer:
30,000
A company bought assets worth Rs. 3,60,000 and in lieu issued debentures of Rs. 100 each at a discount of 10%. The number of debentures issued will be:
A
3,900
B
3,600
C
3,000
D
4,000
A company issued Rs. 1,00,000 worth of $$7\frac{1}{2}\% $$ Debentures of Rs. 100 each at a discount of 5%. These debentures are repayable after 10 years in a lum-sum at a premium of 5%. The amount of loss on issue of debentures to be written-off each year will be
A
Rs. 1,000
B
Rs. 5,000
C
Rs. 500
D
Rs. 1,500
X Ltd. issued debentures of Rs. 100 at 5% discount for purchase of machinery worth Rs. 95,000. The number of debenture issued will be
A
95,000
B
950
C
1,045
D
1,000
Ashraf purchased Tk. 3000 worth of traveler's checks. If each check was worth either Tk. 100 or Tk. 250, which of the following cannot be the number to Tk. 100 checks purchased?
A
10
B
5
C
18
D
20
Which of the following will be considered as tax planning effort?
1. Mr. A purchased a house for self-residence of Rs. 8 lakh by taking a loan of Rs. 60 lakh from SBI at 10% interest, instead of using his own funds.
2. Mr. A made investment in purchasing 12% redeemable debentures of TISCO worth Rs. 1.50 lakh.
3. Mr. A purchased 100 gm gold biscuits of Rs. 2.5 lakh from SBI on the occasion of Diwali.
4. Mr. A invested Rs. 1 crore in purchasing 5 acres of agricultural land in his native village in Gaya.
A
Both 1 and 2
B
Both 2 and 3
C
Both 1 and 4
D
Both 3 and 4
Druing a special promotion, a certain filling station is offering a 10% discount on gas purchased after the first the first 10 gallons. If Kim purchased 20 gallons of gas, and Zeni purchased 25 gallons of gas, then Zeni's total per-gallon discount is what percent of Kim's total per-gallon discount?
A
80%
B
120%
C
140%
D
100%
A building worth Rs. 133100 is constructed on land worth Rs. 72900. After how many years will the value of both be the same if land appreciates at 10% p.a. and building depreciates at 10% p.a. ?
A
$$1\frac{1}{2}$$
B
2
C
$$2\frac{1}{2}$$
D
3
A company owns some land and buildings for which the following details are relevant : Cost of land Taka 50,000; cost of building Taka 100,000, estimated life of building 20 years, estimated residual value of building Taka 2000; estimated residual value of land Taka 50,000. The company uses the straight line depreciation method. Which is the correct annual depreciation charge for this asset?
A
Taka 4000
B
Taka 4900
C
Taka 7400
D
Taka 7500
If utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?
A
Rs 1000
B
Rs 500
C
Rs 400
D
Rs 300
The 'Debenture Redemption Fund' of a company stood at Rs. 16,000 represented by Rs. 20,000 (nominal) investment. The company in order to redeem debentures of Rs. 10,000 at 1% premium sold Rs. 12000 (nominal) investments of Rs. 100 each at Rs. 84 each for the purpose of redeeming Rs. 10,000 debentures at a premium of 1%. After the redemption of debentures, the balance in the Debenture Redemption Fund a/c will be:
A
Rs. 5,690/5,690
B
Rs. 6,270/6,270
C
Rs. 6,380/6,380
D
Rs. 7,220/7,220