Multiple Choice Questions on lsquo A rsquo Fimited purchased the assets from lsquo B rsquo Limited for Rs5 40 000 lsquo A rsquo ........... for Commerce 12th Preparation

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Multiple Choice Questions

lsquo A rsquo Fimited purchased the assets from lsquo B rsquo Limited for Rs5 40 000 lsquo A rsquo ...........

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    ‘A’ Fimited purchased the assets from ‘B’ Limited for Rs5,40,000. ‘A’ Limited issued 10% debentures of Rs100 each at 10% discount against the payment. The number of debentures received by ‘B’ Limited will be :

    54,000

    Incorrect Answer

    5,400

    Incorrect Answer

    60,000

    Incorrect Answer

    None of the above

    Correct Answer
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    Explanation:

    - 'A' Limited purchased assets for Rs 5,40,000.

    - It issued 10% debentures of Rs 100 each at a 10% discount.

    - The discounted price of each debenture is Rs 90 (since Rs 100 - 10% of Rs 100 = Rs 90).

    - To find the number of debentures issued, divide the total amount by the price per debenture.

    - Rs 5,40,000 / Rs 90 = 6,000 debentures.

    - Correct Answer: Option 4 - None of the above

    By: santosh
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