AB & Co. purchased assets worth Rs. 28,80,000 from a vendor. The company issued debentures of Rs. 100 each at a discount of 4\% in full satisfaction o - Accountancy MCQ CUET Accountancy 2023 28 May Shift 1 2026 | ExamTest.live

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AB & Co. purchased assets worth Rs. 28, 80, 000 from a vendor. The company issued debentures of Rs. 100 each at a discount of 4% in full satisfaction of the purchase consideration. Calculate the number of debentures issued to the vendor.

Solution & Step-by-step Explanation

Step-by-step computation:Calculate the Issue Price per Debenture: Face Value = Rs. 100 Discount = 4% of 100 = Rs. 4 Issue Price = Face Value - Discount = 100 - 4 = Rs. 96 Calculate the Number of Debentures to be Issued: Number of Debentures = \frac{Purchase Consideration}{Issue Price per Debenture} Number of Debentures = \frac{28 , 80 , 000}{96} = 30, 000 debentures

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AB & Co. purchased assets worth Rs. 28, 80, 000 from a vendor. The company issued debentures of Rs. 100 each at a discount of 4% in full satisfaction of the purchase consideration. Calculate the number of debentures issued to the vendor.

30, 000

28, 800

32, 000

27, 693

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