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
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.
Question : Bose Ltd. purchased assets of Rs. 9,90,000 from Bhagat & Co. Payment was made by issuing 11% Debentures of Rs. 100 each. If debentures issued at 10% discount, number of debentures issued is ________.
Question : Prakash Ltd. purchased assets worth Rs.2,20,000 and also took over the liabilities (creditors) of Rs.40,000 of Ajay Ltd. for a purchase consideration of Rs.1,92,000. Prakash Ltd. paid the purchase consideration by issuing 12% debentures of Rs.100 each at a premium of
Y Ltd., purchased plant and machinery for Rs.2,00,000 from Z Ltd. 20% of the amount was paid by Y Ltd. by accepting a bill of exchange in favour of Z Ltd. and the balance was paid by issuing 6% debentures of Rs. 1,000 each at a premium of
Dilate Ltd. issued 10,000, 6% Debentures of Rs. 100 each at a discount of Rs. 10. It will credit 6% of Debentures Account by
Y Ltd., purchased plant and machinery for Rs.2,00,000 from Z Ltd. 20% of the amount was paid by Y Ltd. by accepting a bill of exchange in favour of Z Ltd. and the balance was paid by issuing 6% debentures of Rs. 1,000 each at a
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile