X Ltd acquired assets of Rs20 lakhs and took over creditors of Rs20 thousand from FLtd A Ltd issued ...........

X Ltd. acquired assets of Rs20 lakhs and took over creditors of Rs20 thousand from FLtd. A Ltd. issued 8% debentures of Rs200 each at a discount of 10% as purchase consideration. Number of debentures issued will be :

11,000

9,000

10,000

10,100

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Explanation:

- X Ltd. acquired assets worth Rs 20 lakhs and took over creditors worth Rs 20,000 from F Ltd.

- The total purchase consideration that X Ltd. needs to pay is Rs 19,80,000 (Rs 20,00,000 - Rs 20,000).

- X Ltd. issued 8% debentures of Rs 200 each at a 10% discount.

- The face value of one debenture is Rs 200, but it is issued at Rs 180 because of the 10% discount.

- To find the number of debentures, divide the total purchase consideration by the issue price per debenture: Rs 19,80,000 / Rs 180 = 11,000 debentures.

Option: 1 - 11,000