Question : Exe Ltd. took over assets of Rs. 7,00,000 and liabilities of Rs. 60,000 of Wye Ltd. for the purchase consideration of Rs. 6,60,000. Exe Ltd. paid the purchase consideration by issuing 9% Debentures of Rs. 100 each at 10% premium.
Numbers of debnetures issued will be
Option 1: 6,600 debenture
Option 2: 6,000 debentures
Option 3: 5,000 debentures
Option 4: 4,500 debentures
Correct Answer: 6,000 debentures
Solution : Answer = 6,000 debentures
Number of Debentures issued
$=\frac{6,60,007}{n s}=6000$ debentures
Hence, the correct option is 2.