Question : Sudhir Ltd. took over Assets of Rs.8,50,000 and Liabilities of Rs.1,50,000 of Gopal Ltd. at an agreed price of Rs.7,20,000. The purchase consideration was discharged by issuing 12% debentures of Rs.100 each at a premium of 20%.

Question:- Number of debentures received by Gopal Ltd will be
Option 1: 6,000 Debentures
Option 2: 7,200 Debentures
Option 3: 5,000 debentures
Option 4: 8,500 debentures

Question

Question : Sudhir Ltd. took over Assets of Rs.8,50,000 and Liabilities of Rs.1,50,000 of Gopal Ltd. at an agreed price of Rs.7,20,000. The purchase consideration was discharged by issuing 12% debentures of Rs.100 each at a premium of 20%.

Question:- Number of debentures received by Gopal Ltd will be

Option 1: 6,000 Debentures

Option 2: 7,200 Debentures

Option 3: 5,000 debentures

Option 4: 8,500 debentures

Team Careers360 · Accepted Answer

Correct Answer: 6,000 Debentures

Solution : Answer = 6000 Debentures

$\frac{Rs 7,20,000}{120}$ = 6000 debentures.
Hence, the correct option is 1.

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