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 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.
Held on 30 Aug 2022 · Verified 13 Jul 2026.
4,000
3,500
3,000
2,000
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