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.

Question

Option 1: 4,000

Option 2: 3,500

Option 3: 3,000

Option 4: 2,000

AfterBoards · Accepted Answer

The answer is '3,000'. View full solution:

	LIST I: Basis of Debenture		LIST II: Types of Debenture
A.	Tenure	I.	Zero coupon rate
B.	Interest rate point of view	II.	Irredemable
C.	Security	III.	Registration
D.	Bearer	IV.	Secured

CUET Accountancy 2022 30 Aug Shift 2 PYQs

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