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. ‘A’ Firm purchased the assets from ‘B’ Limited for Rs.5,40,000. ‘A’ Limited issued 10% debentures of Rs.100 each at 10% discount against the payment. The number of debentures received by ‘B’ Limited will be: |
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Answer» Answer: 60000 debentures Explanation: A bought FURNITURE from B worth Rs 540000 A ISSUED 10% Debentures worth Rs100 each but with discount of 10% 100-10℅ = 90 so each debenture is worth Rs 90 540000/90=60000 |
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