Multiple Choice Questions on X Ltd acquired assets of Rs 20 lakhs and took over creditors of Rs 20 thousand from FLtd X Ltd issue........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

X Ltd acquired assets of Rs 20 lakhs and took over creditors of Rs 20 thousand from FLtd X Ltd issue...........

General Accounting Principles Accounting For Debentures
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    X Ltd. acquired assets of Rs 20 lakhs and took over creditors of Rs 20 thousand from FLtd. X Ltd issued 8% debentures of Rs 200 each at a discount of 10% as purchase consideration. find the number of debentures to be issued :

    11000

    Correct Answer

    9000

    Incorrect Answer

    10000

    Incorrect Answer

    10100

    Incorrect Answer
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    Explanation:

    No. of the debentures to be issued= purchase consideration/ issued price

    (20,00,000-20,000=19,80,000)

    (200-10%=180)

    19,80,000/180=11,000 debentures

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    PARTH SARTHI

    please correct the grammar of the question.

    0 0 reply

    Ankur sharma

    Thanks for your review

     0 0 reply

    Anmol Midha

    There's some error in question. Amount of creditors is not correct I think.

    0 0 reply

    NIHARIKA WALIA

    no the calculation is correct

     0 0 reply
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