Question : X Ltd. took over assets of Rs.5,00,000 and liabilities of Rs.1,00,000 of   another company at an agreed price of Rs.3,80,000. The purchase consideration was discharged by issuing debentures of Rs. 100 each at a discount of 10%. It was agreed that any fraction of the debenture be paid in cash.

Question:- Balance of Rs.20,000 will be 

Option 1: Debited to goodwill Account
 

Option 2: Debited to capital reserve account 

Option 3: Credited to securities account 
 

Option 4: Credited to Capital Reserve account 

Question : X Ltd. took over assets of Rs.5,00,000 and liabilities of Rs.1,00,000 of   another company at an agreed price of Rs.3,80,000. The purchase consideration was discharged by issuing debentures of Rs.100 each at a discount of 10%. It was agreed that any fraction of the debenture be paid in cash.

Question:- No of debentures Issued is 

Option 1: 4,200

Option 2: 4,223

Option 3: 4,222.32

Option 4: 4,222.22

Question : X Ltd. took over assets of Rs.5,00,000 and liabilities of Rs.1,00,000 of   another company at an agreed price of Rs.3,80,000. The purchase consideration was discharged by issuing debentures of Rs.100 each at a discount of 10%. It was agreed that any fraction of the debenture be paid in cash.

Question:- No of debentures Issued is 

Option 1: 4,200

Option 2: 4,223

Option 3: 4,222.32

Option 4: 4,222.22

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:-  Rs 20,000 will be 

Option 1: Credited to goodwill account 

Option 2: Debited to goodwill account 

Option 3: Debited to discount on issue of debentures account ‘
 

Option 4: Debited  to loss on issue of debentures account 
 

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:-  Rs 20,000 will be 

Option 1: Credited to goodwill account 

Option 2: Debited to goodwill account 

Option 3: Debited to discount on issue of debentures account ‘
 

Option 4: Debited  to loss on issue of debentures account