Question

X Co Ltd purchased assets worth ? 28,80,000. It issued debentures of ? 100 each at a discount of 4% in full satisfaction of the purchase consideration. The number of debentures issued to vendor is 

(a) 30,000 (b) 28,800 (c) 32,000

Answer 1

The number of debentures issued to vendor is (a) 30,000