Question
Accountancy Question on Debentures
Romi Ltd. purchased building worth ₹1,50,000 machinery worth ₹1,40,000 and furniture worth ₹10,000 from xyz co. and took over its liabilities of ₹20,000 for a purchase consideration of ₹3.15,000. They paid the purchase consideration by issuing 12% debentures of ₹100 each at a premium of 5%. What will be the number of debentures issued by Romi Ltd.
A
4000
B
3500
C
3000
D
2000
Answer
3000
Explanation
Solution
The correct option is (C): 3000