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

30, 000

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28, 800

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32, 000

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35, 000

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Solution

The correct option is C $30, 000$
Debentures Value = Rs. 100.
4% of 100 = Rs. 4 Discount. Debentures are issued at Price of Rs. 96.
Number of Debentures issued = 28,80,000/ 96 = 30,000.

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

The correct option is C 30,000Debentures Value = Rs. 100. 4% of 100 = Rs. 4 Discount. Debentures are issued at Price of Rs. 96.Number of Debentures issued = 28,80,000/ 96 = 30,000.

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

The correct option is C $30, 000$
Debentures Value = Rs. 100.
4% of 100 = Rs. 4 Discount. Debentures are issued at Price of Rs. 96.
Number of Debentures issued = 28,80,000/ 96 = 30,000.