Question : Prakash Ltd. purchased assets worth Rs.2,20,000 and also took over the liabilities (creditors) of Rs.40,000 of Ajay Ltd. for a purchase consideration of Rs.1,92,000. Prakash

Ltd. paid the purchase consideration by issuing 12% debentures of Rs.100 each at a premium of 20%.

Amount of Net assets are ------

Option 1: Rs 2,20,000

Option 2: Rs 40,000

Option 3: Rs 1,80.000

Option 4: None of these

Question : Prakash Ltd. purchased assets worth Rs.2,20,000 and also took over the liabilities (creditors) of Rs.40,000 of Ajay Ltd. for a purchase consideration of Rs. 1,92,000. Prakash Ltd. paid the purchase consideration by issuing 12% debentures of Rs.100 each at premium of 20%.

Difference between purchase consideration and Net Assets are debited/credited to

Option 1: Debited to goodwill account by Rs 12,000

Option 2: Credited to capital reserve account by Rs 12,000

Option 3: Debited to profit and loss account Rs 12,000

Option 4: Credited to General reserve Rs 12000

Question : Rohit Ltd. purchased assets for Rs.1,20,000 and also took over the outside liabilities Rs.20,000 of Amir Ltd. for a purchase consideration of Rs. 1,92,000. Rohit Ltd. paid the purchase consideration by issuing 10% debentures of Rs.100 each at a discount of 20%.

Calculate the number of debentures.

Option 1: 2,133

Option 2: 2,135

Option 3: 2,100

Option 4: 2,111

Question : Exe Ltd. took over assets of  Rs. 7,00,000 and liabilities of  Rs. 60,000 of Wye Ltd. for the purchase consideration of  Rs. 6,60,000. Exe Ltd. paid the purchase consideration by issuing 9% Debentures of  Rs. 100 each at 10% premium.

Numbers of debnetures issued will be 

Option 1: 6,600 debenture 

Option 2: 6,000 debentures 

Option 3: 5,000 debentures 

Option 4: 4,500 debentures

Question : Sudhir Ltd. took over Assets of Rs.8,50,000 and Liabilities of Rs.1,50,000 of Gopal Ltd. at an agreed price of Rs.7,20,000. The purchase consideration was discharged by issuing 12% debentures of Rs.100 each at a premium of 20%. 

Question:-  Number of debentures received by Gopal Ltd will be 

Option 1: 6,000 Debentures 

Option 2: 7,200 Debentures 

Option 3: 5,000 debentures 

Option 4: 8,500 debentures