Practice

Questions

Pick a topic and practice with clear explanations.

CUET

Q.2. G.S. Rai company Itd. purchased assets of the book value of Rs. 98,000 from another firm. It was agreed that purchase consideration be paid by issuing 11% debentures of Rs. 100 each. Assume debentures have been issued at discount of 20% Identify the number of debentures issued by the company to the vendor