Naman and Aman Limited bought business of Agrasen Limited consisting Sundry Assets of Rs. 3,60,000, Sundry Creditors Rs.1,00,000 for a consideration of Rs. 3,07,200 out of which Rs 19,200 is paid in cash. It issued 14% Debentures of Rs. 100 each fully paid at a discount of 4% in satisfaction of remaining purchase consideration. What will be the number of debentures issued?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) →
3000 debentures