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Question
Maira Ltd. took over assets of ₹ 12,00,000 and liabilities of ₹ 4,00,000 of Subav Ltd. for an agreed purchase consideration of ₹ 9,00,000. The amount was payable by issue of 11% Debentures of ₹ 100 each at 10% discount. The number of debentures issued will be
Options
9,000.
10,000.
8,000.
11,000.
MCQ
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Solution
10,000.
Explanation:
Debentures of ₹ 100 are issued at 10% discount, so issue price is ₹ 90.
No. of Debentures = `(9,00,000)/90 = 10,000`
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