AB&Co. purchased assets worth Rs28,80,000 from vendor. It issued debentures of 100 each at a discount of 4% in full satisfaction of the purchase consideration. The number of debentures issued to vendor is: (
This question was previously asked in
Shift 28/05/2023 3:30 PM - 6:30 PM
A
Rs30,000
B
Rs28,800
C
Rs32,000
D
Rs 27,693
Correct Answer
Rs30,000
Detailed Explanation
The purchase consideration is Rs28,80,000, and the debentures are issued at a discount of 4%. The nominal value of each debenture is Rs100, so the issue price of each debenture is:
Issue price = 100 - 4% of 100 = 100 - 4 = 96
Now, to find the number of debentures issued:
Number of debentures = Purchase consideration / Issue price per debenture
= 28,80,000 / 96
= 30,000
Thus, the correct answer is Option 1: Rs30,000.
Get Dubuddy App
Practice on the go with our mobile app
More CUET Questions
1
Rohit a partner paid the realisation expenses of Rs10,000 and he was to get a remuneration of Rs12,000 for completing the dissolution process and realisation expenses were borne by Rohit. The amount transferred to his capital A/c will be:
(
2
In the world of Financial market, IPO stand for :
(
3
Money Market Instruments do not Include:
(A) Treasury Bill
(B) Certificate of Deposit
(C) Commercial Bill
(D) Equity Shares
(E) Preference Shares
Choose the correct answer from the options given below:
(
4
Identify the correct features of Principles of Management :
(A) Flexible
(B) Interrelated
(C) General Guidelines
(D) Pervasive
(E) Contingent
Choose the correct answer from the options given below:
(
Test Series
CUET Subjects
Your CUET Journey Starts with DuBuddy
CUET ki Practice Means DuBuddy Pe Practice