Question

X Ltd. Agreed to purchase the
business of Rahim and Karim as on
31-03-
2003. Their assets on that date were
Rs. 4,40,000 and liabilities to
outsiders Rs. 1,60,000. For the
purpose of Sale, it is agreed that 90%
of
the assets alone will be taken over at
10% discount. Liabilities are to be
taken subject to rebate of 10%.
Goodwill is deemed worth Rs.
40,000
Ascertain Purchase Consideration.
1.282,400
2.350,000
3.450,000
4.252,400
​

Answer 1

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