Issue price per debenture = Face Value - Discount = 100 - 4 = 96.
Number of debentures issued = Purchase consideration / Issue price
= 28,80,000 / 96 = 30,000 debentures.
AB&Co. purchased assets worth Rs. 28,80,000 from vendor. It issued debentures of Rs. 100 each at a discount of 4% in full satisfaction of the…
CUET UG 2023 — Accountancy Company Accounts
2023mcqeasy
AB&Co. purchased assets worth Rs. 28,80,000 from vendor. It issued debentures of Rs. 100 each at a discount of 4% in full satisfaction of the purchase consideration. The number of debentures issued to vendor is :
Official previous-year question
Held on 28 May 2023 · Verified 13 Jul 2026.
Options
- A
30,000
- B
28,800
- C
32,000
- D
27,693
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