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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


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

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.

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