AB & Co. purchased assets worth ₹28,80,000 from vendor. It issued debentures of ₹100 each at a discount of 4% in full satisfaction of the purchase consideration. The number of debentures issued to vendor is:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 30,000
When debentures are issued to a vendor at a discount, the number issued is the purchase consideration divided by the issue price, not by the face value.
Issue price = ₹100 − 4% of ₹100 = ₹96
Number of debentures = ₹28,80,000 ÷ ₹96 = 30,000
NCERT (2026-27 edition):
NCERT (2026-27 edition):
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