Multiple Choice Questions on lsquo A rsquo Limited purchased the assets from lsquo B rsquo Limited for Rs 8 10 000 lsquo A rsquo........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

lsquo A rsquo Limited purchased the assets from lsquo B rsquo Limited for Rs 8 10 000 lsquo A rsquo...........

General Accounting Principles Accounting For Debentures
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    ‘A’ Limited purchased the assets from ‘B’ Limited for Rs 8,10,000. ‘A’ Limited issued 10% debentures of Rs 100 each at 10% discount against the payment. The number of debentures received by ‘B’ Limited will be :

    8100

    Incorrect Answer

    9000

    Correct Answer

    90,000

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    A bought furniture from B worth Rs 8,10,000

    A issued 10% Debentures worth Rs100 each but with discount of 10%

    100-10% = 90

    so each debenture is worth Rs 90

    8,10,000/90=9,000 debentures

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