X Ltd. purchased assets from Y Ltd. for ₹98,10,000. X Ltd. issued 12% Debentures of ₹100 each at a 10% discount against the payment. The number of deb - CUET Accountancy MCQ CUET Accountancy 16 July Shift 2 2026 | ExamTest.live

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X Ltd. purchased assets from Y Ltd. for ₹98,10,000. X Ltd. issued 12% Debentures of ₹100 each at a 10% discount against the payment. The number of debentures issued to Y Ltd. is:

Solution & Step-by-step Explanation

The formula to compute the number of debentures to be issued is: Number of Debentures = \frac{Purchase Consideration}{Issue Price Per Debenture} Given:Purchase Consideration = ₹98,10,000Face Value of Debenture = ₹100Discount = 10% of ₹100 = ₹10Issue Price Per Debenture = 100 - 10 = ₹90 $ Number of Debentures = \frac{98 , 10 , 000}{90} = 1, 09, 000 debentures $

Try it yourself before checking the explanation above.

X Ltd. purchased assets from Y Ltd. for ₹98,10,000. X Ltd. issued 12% Debentures of ₹100 each at a 10% discount against the payment. The number of debentures issued to Y Ltd. is:

98,100

98,10,000

10,90,000

1,09,000

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