Premier Auto Ltd. purchased assets of the value of ₹ 3,60,000 from Anand Ltd. and made the payment of purchase consideration by issuing 11% Debentures of 100 each at a discount of 10 %. The number of debentures issued by Premier Auto Ltd. were:
A. 3,600
B. 36,000
C. 40,000
D. 4,000
Answer:D
Premier Auto Ltd. purchased assets of the value of ₹ 3,60,000 from Anand Ltd. and made the payment of purchase consideration by issuing 11% Debentures of 100 each at a discount of 10 %. The number of debentures issued by Premier Auto Ltd. were:
A. 3,600 B. 36,000 C. 40,000 D. 4,000