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.