Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Issue and Redemption of Debentures

Question:

Answer the questions from the passage-

XYZ Ltd. purchased assets worth Rs 3,00,000 from Blue Prints Ltd., and took overs its liabilities of Rs 20,000 for a purchase consideration of Rs 3,15,000. XYZ Ltd., paid the purchase consideration by issuing 12% debentures of Rs 100 each at a premium of 5%.

How many debentures would be issued, if debentures were issued at par?

Options:

3,000

3,150

3,300

3,500

Correct Answer:

3,150

Explanation:

Right Answer not mentioned in NTA Answer key