Skip to main contentSkip to solution

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 :

Solution

✅ Correct Option: 1

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.

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question