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 20%.
Number of debentures issued
Option 1: 1,200 debentures
Option 2: 1,600 debentures
Option 3: 1,500 debentures
Option 4: 1,000 debentures
Correct Answer: 1,600 debentures
Solution : Answer = 1600 debentures
Number of DeBentures issued $=\frac{1,92000}{120}=1600$ Debentures. Hence, the correct option is 2.
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
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 premium of
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