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Question : A Company purchased assets of the book value of Rs.6,00,000 and took Over liabilities of Rs.1,50,000 from Silver  Ltd. It was agreed that the purchase consideration settled at Rs.4,80,000 be paid by issuing debentures of Rs. 100 each at a premium of 10%.

Question: The amount paid to Silver Ltd will be 
 

Option 1: Rs 63

Option 2: Rs 60

Option 3: Rs 70

Option 4: None of the above 


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: Rs 70


Solution : Answer = Rs 70

 Vendor  Co.   Dr    4,80,0000
 To  Debentures A/c                436300
 To securities premium A/c       43630
 To  Cash A/c                                  70
Hence, the correct option is 3.

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