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 ________.
Option 1: 9,900 debentures
Option 2: 9,000 debentures
Option 3: 11,000 debentures
Option 4: 10,000 debentures
Correct Answer: 11,000 debentures
Solution : Answer = 11,000 debentures
Number of deBentures issued
$=\frac{9,90,000}{90(100-10)}=11000$ Debentures. Hence, the correct option is 3.
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
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