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‘A’ Limited purchased the assets from ‘B’ Limited for ₹5,40,000. ‘A’ Limited issued 10% debentures of ₹100 each at a 20% premium against the payment. - Accounts

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Question

‘A’ Limited purchased the assets from ‘B’ Limited for ₹5,40,000. ‘A’ Limited issued 10% debentures of ₹ 100 each at a 20% premium against the payment. The number of debentures received by ‘B’ Limited will be ______.

Options

  • 4,500

  • 5,400

  • 45,000

  • 6,000

MCQ
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Solution

‘A’ Limited purchased the assets from ‘B’ Limited for ₹5,40,000. ‘A’ Limited issued 10% debentures of ₹ 100 each at a 20% premium against the payment. The number of debentures received by ‘B’ Limited will be 4,500.

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Chapter 7: Company Accounts - Issue of Debentures - OBJECTIVE TYPE QUESTIONS [Page 7.67]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 7 Company Accounts - Issue of Debentures
OBJECTIVE TYPE QUESTIONS | Q A. 17. | Page 7.67
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