Question

X Ltd. Purchased a building for .Rs 60,00,000 payable as 20 % in Cash and balance by allotment of 8% debentures of .Rs 500 each at a premium of 20% Number of debentures issued will be :

Answer 1

Answer: Number of debentures issued will be = Answer value of building = 6000000. (-) paid in cash = 1200000.