Question

Universal Ltd. took over machinery of ₹ 3,30,000, furniture of ₹ 1,60,000 and liabilities of ₹ 80,000 from Amol Ltd. for a purchase consideration of ₹ 4,50,000. The payment to Amol Ltd. was made by issue of 10% Debentures of ₹ 50 each at a discount of 10%. The number of debentures issued to Amol Ltd. was:

विकल्प

• 1,000

• 4,500

• 45,000

• 10,000

Answer 1

10,000

Explanation:

Purchase Consideration = ₹ 4,50,000

Debentures are issued at 10% discount.

Face value of one debenture = ₹ 50

Issue price of one debenture:

50 − 10% of 50

`50 - 10/100 xx 50 = 45`

So, each debenture is issued at ₹ 45.

Number of debentures issued:

`(4,50,000)/45 = 10,000`