Issue price per debenture = 100+5%=105
Number of debentures = Purchase Consideration / Issue Price
=3,15,000/105=3,000 debentures
Romi Ltd. purchased building worth Rs. 1,50,000 machinery worth Rs. 1,40,000 and furniture worth Rs. 10,000 from xyz co. and took over its…
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
Romi Ltd. purchased building worth Rs. 1,50,000 machinery worth Rs. 1,40,000 and furniture worth Rs. 10,000 from xyz co. and took over its liabilities of Rs. 20,000 for a purchase consideration of Rs. 3,15,000. They paid the purchase consideration by issuing 12% debentures of Rs. 100 each at a premium of 5%. What will be the number of debentures issued by Romi Ltd.
Official previous-year question
Held on 30 Aug 2022 · Verified 13 Jul 2026.
Options
- A
4,000
- B
3,500
- C
3,000
- D
2,000
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