X Ltd. acquired assets of ₹ 20 lakhs and took over creditors of ₹ 20 thousand from Y Ltd. X Ltd. issued 8% debentures of ₹ 200 each at a discount of 10% as purchase consideration. Number of debentures issued will be ______.

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X Ltd. acquired assets of ₹ 20 lakhs and took over creditors of ₹ 20 thousand from Y Ltd. X Ltd. issued 8% debentures of ₹ 200 each at a discount of 10% as purchase consideration. Number of debentures issued will be 11,000. Explanation: 1. Calculate the Purchase Consideration: Assets acquired = ₹ 20,00,000Sv6Kpe[]Sv6Kpe[] Creditors taken over = ₹ 20,000Sv6Kpe[]Sv6Kpe[] Purchase Consideration = Assets acquired − Creditors taken overSv6Kpe[]Sv6Kpe[] Purchase Consideration = ₹ 20,00,000 − ₹ 20,000 = ₹ 19,80,000. 2. Calculate the Issue Price of each Debenture: Face value of debenture = ₹ 200 Discount = 10% of ₹ 200 = ₹ 20 Issue Price per debenture = Face value − Discount Issue Price per debenture = 200 − 20 = 180 3. Calculate the Number of Debentures Issued: Number of debentures = `"Purchase Consideration"/"Issue Price per debenture" Number of debentures = (19,80,000)/180` = 11,000

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