67 Views

Question :

Bose Ltd. purchased assets of  Rs. 9,90,000 from Bhagat & Co. Payment was made by issuing 11% Debentures of  Rs. 100 each. Calculate the number of debentures, if debentures were issued at 10% premium

Option 1: 9,900 debentures

Option 2: 9,000 debentures 

Option 3: 11,000 debentures 

Option 4: 10,000 debentures


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

Correct Answer: 9,000 debentures


Solution : Answer = 9,000 debentures

Number of Debentures

$=\frac{9,90000}{110(100+10)}=9000$ Debentures
Hence, the correct option is 2.

Related Questions

MAHE Manipal M.Tech 2025
Apply
NAAC A++ Accredited | Accorded institution of Eminence by Govt. of India | NIRF Rank #4
Graphic Era (Deemed to be Uni...
Apply
NAAC A+ Grade | Among top 100 universities of India (NIRF 2024) | 40 crore+ scholarships distributed
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
JSS University Mysore BBA Adm...
Apply
NAAC A++ Accredited| Ranked #24 in University Category by NIRF
JSS University Noida MBA 2025
Apply
170+ Recruiters Including Samsung, Zomato, LG, Adobe and many more | Highest CTC 47 LPA
UPES B.Tech Admissions 2025
Apply
Ranked #42 among Engineering colleges in India by NIRF | Highest Package 1.3 CR , 100% Placements | Last Date to Apply: 29th May
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books