Question

Y Ltd. Agreed to purchase the business of Rahim and Karim as on 31-03-

2020. Their assets on that date were Rs. 8,00,000 and liabilities to

outsiders Rs. 2,50,000. 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. 42,000.

Ascertain Purchase Consideration.

A)485,000 B)465,000 C)475,000 D)515,000​

Answer 1

Answer:

D) 515,000

Explanation:

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