CUET Preparation Today
Blue Prints 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. Blue Prints Ltd., paid the purchase consideration by issuing 12% debentures of Rs.100 each at a premium of 5%. Number of debentures issued are- |
1,000 3,000 2,000 1,500 |
3,000 |
The correct answer is Option (2) → 3,000 The debentures were issued at a premium of 5%. Issue Price= Face Value + Premium
Issue Price=Rs. 100 + (5% of Rs. 100)
Issue Price=Rs. 100 + Rs. 5 = Rs. 105
Number of debentures= Total Purchase Consideration/ Issue Price per Debenture
= 3,15,000 / 105 = 3,000 |
