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 par as purchase consideration. What will be the purchase consideration for the purchase of the business? |
₹2000000 ₹1800000 ₹1500000 ₹2200000 |
₹1800000 |
Purchase consideration = Assets - Liabilities |