Practicing Success
Romi Ltd. acquired assets of ₹24 lakh and took over creditors of ₹2 lakh from Kapil Enterprises. Romi Ltd. issued 8% debentures of ₹100 each at a premium of 10% as purchase consideration. How many debentures are issued for purchase consideration? |
18,000 20,000 22,000 21,000 |
20,000 |
The correct answer is option 2-20000. Purchase consideration = 24,00,000 - 2,00,000 No of debentures issued = 22,00,000/110 |