Question : X Ltd. took over assets of Rs.5,00,000 and liabilities of Rs.1,00,000 of another company at an agreed price of Rs.3,80,000. The purchase consideration was discharged by issuing debentures of Rs.100 each at a discount of 10%. It was agreed that any fraction of the debenture be paid in cash. Question:- No of debentures Issued is
Option 1: 4,200
Option 2: 4,223
Option 3: 4,222.32
Option 4: 4,222.22
Correct Answer: 4,222.22
Solution : Answer = 4222.22
Number of Debentures = $\frac{3,80,000}{90}$ =4222.22 Debentures Hence, the correct option is 4.
Question : X Ltd. took over assets of Rs.5,00,000 and liabilities of Rs.1,00,000 of another company at an agreed price of Rs.3,80,000. The purchase consideration was discharged by issuing debentures of Rs.100 each at a discount of 10%. It was agreed that any fraction of the
Question : X Ltd. took over assets of Rs.5,00,000 and liabilities of Rs.1,00,000 of another company at an agreed price of Rs.3,80,000. The purchase consideration was discharged by issuing debentures of Rs. 100 each at a discount of 10%. It was agreed that any fraction of the
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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