Issue price per debenture at 10% discount = 100 - 10 = Rs.90.
Number of debentures = Purchase consideration / Issue price = 98,10,000 / 90 = 1,09,000 debentures.
X Ltd. purchased assets from Y Ltd. for Rs.98,10,000. X Ltd. issued 12% Debentures of Rs.100 each at 10% discount against the payment. The number of…
CUET UG 2022 — Accountancy Company Accounts
2022mcqmedium
X Ltd. purchased assets from Y Ltd. for Rs.98,10,000. X Ltd. issued 12% Debentures of Rs.100 each at 10% discount against the payment. The number of debentures issued to Y Ltd. is:
Official previous-year question
Held on 16 Jul 2022 · Verified 13 Jul 2026.
Options
- A
98,100
- B
98,10,000
- C
10,90,000
- D
1,09,000
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