Question

Z Ltd. invited application for issue of $10,000, 9\%$ Debentures of $100$ each. Application were received for $14,000$ Debentures. Company alloted debentures to all the applicants on pro-rata basis. Calculate the number of$9\%$ Debentures that would be issued to Mr Ravi who had applied for $700$ debentures.

• A. $700$ Debentures
• B. $500$ Debentures
• C. $10,000$ Debentures
• D. $4,000$ Debentures

Answer 1

Answer: (B)

$500$ Debentures

Answer 2

The correct option is (B) :$500$ Debentures