Question :
Bose Ltd. purchased assets of Rs. 9,90,000 from Bhagat & Co. Payment was made by issuing 11% Debentures of Rs. 100 each. Calculate the number of debentures, if debentures were issued at 10% premium
Option 1: 9,900 debentures
Option 2: 9,000 debentures
Option 3: 11,000 debentures
Option 4: 10,000 debentures

Question

Question :

Bose Ltd. purchased assets of Rs. 9,90,000 from Bhagat & Co. Payment was made by issuing 11% Debentures of Rs. 100 each. Calculate the number of debentures, if debentures were issued at 10% premium

Option 1: 9,900 debentures

Option 2: 9,000 debentures

Option 3: 11,000 debentures

Option 4: 10,000 debentures

Team Careers360 · Accepted Answer

Correct Answer: 9,000 debentures

Solution : Answer = 9,000 debentures

Number of Debentures

$=\frac{9,90000}{110(100+10)}=9000$ Debentures
Hence, the correct option is 2.

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