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
Correct Answer: 6,000 Debentures
Solution : Answer = 6000 Debentures
$\frac{Rs 7,20,000}{120}$ = 6000 debentures. Hence, the correct option is 1.
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
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
Question : A Company purchased assets of the book value of Rs.6,00,000 and took Over liabilities of Rs.1,50,000 from Silver Ltd. It was agreed that the purchase consideration settled at Rs.4,80,000 be paid by issuing debentures of Rs. 100 each at a premium of
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