Question

Nargis Ltd. purchased assets of ₹ 8,00,000 and took over liabilities of ₹ 2,00,000 from Gauri Ltd. The payment was made by issue of 8% Debentures of ₹ 100 each at a premium of 20%. Number of debentures issued will be ______.

विकल्प

• 50,000.

• 5,000.

• 6,000.

• 6,00,000.

Answer 1

Nargis Ltd. purchased assets of ₹ 8,00,000 and took over liabilities of ₹ 2,00,000 from Gauri Ltd. The payment was made by issue of 8% Debentures of ₹ 100 each at a premium of 20%. Number of debentures issued will be 5,000.

Explanation:

Net assets taken over:

₹ 8,00,000 − ₹ 2,00,000 = ₹ 6,00,000

Issue price of each debenture at 20% premium:

₹ 100 + ₹ 20 = ₹ 120

No. of Debentures = `(6,00,000)/120 = 5,000`