Practicing Success
Romi Ltd. acquired assets of ₹20 lakh and took over creditors of ₹2 lakh from Kapil Enterprises. Romi Ltd. issued 8% debentures of ₹100 each at a discount of 10% as purchase consideration. How many debentures are issued for purchase consideration? |
20000 19000 18000 21000 |
20000 |
The correct answer is option 1 - 20000 Purchase consideration = 2000000 - 200000 |