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Question : Bose Ltd. purchased assets of  Rs. 9,90,000 from Bhagat & Co. Payment was made by issuing 11% Debentures of  Rs. 100 each. If debentures issued at 10% discount, number of debentures issued is ________.

Option 1: 9,900 debentures 

 

Option 2: 9,000 debentures 

Option 3: 11,000 debentures 

Option 4: 10,000 debentures


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: 11,000 debentures 


Solution : Answer = 11,000 debentures 

Number of deBentures issued

$=\frac{9,90,000}{90(100-10)}=11000$ Debentures.
Hence, the correct option is 3.

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