LT Ltd. Purchased land and building from Ab Ltd. For a book value of Rs 22,00,000. The consideration was paid by issue of 12% Debentures of Rs 100 each at a premium of 10% The Debentures A/C is credited by : : (a) Rs 22,00,000 (b) Rs 20,00,000 (c) Rs 24,20,000 (d) Rs 25,20,000
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no of debentures= purchase consideration/issue price
22,00,000/110
ans is b
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