Romi Ltd. purchased building worth Rs. 1,50,000 machinery worth Rs. 1,40,000 and furniture worth Rs. 10,000 from xyz co. and took over its liabilities - Accountancy MCQ CUET Accountancy 2022 30 Aug Shift 2 2026 | ExamTest.live

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1 mark

Romi Ltd. purchased building worth Rs. 1, 50, 000 machinery worth Rs. 1, 40, 000 and furniture worth Rs. 10, 000 from xyz co. and took over its liabilities of Rs. 20, 000 for a purchase consideration of Rs. 3, 15, 000 . They paid the purchase consideration by issuing 12% debentures of Rs. 100 each at a premium of 5% . What will be the number of debentures issued by Romi Ltd.

Solution & Step-by-step Explanation

Purchase consideration = Rs. 3, 15, 000 .Issue price of one debenture = Rs. 100 + 5% Premium = Rs. 105 .Number of debentures issued = \frac{Purchase Consideration}{Issue Price} = \frac{3 , 15 , 000}{105} = 3, 000 .

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Romi Ltd. purchased building worth Rs. 1, 50, 000 machinery worth Rs. 1, 40, 000 and furniture worth Rs. 10, 000 from xyz co. and took over its liabilities of Rs. 20, 000 for a purchase consideration of Rs. 3, 15, 000 . They paid the purchase consideration by issuing 12% debentures of Rs. 100 each at a premium of 5% . What will be the number of debentures issued by Romi Ltd.

4, 000

3, 500

3, 000

2, 000

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