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
Answer (1)
20th Jan, 2024
Correct Answer: 6,000 Debentures
Solution : Answer = 6000 Debentures
$\frac{Rs 7,20,000}{120}$ = 6000 debentures.
Hence, the correct option is 1.
Comments (0)
Related Questions
Trending Articles/News
