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Amalgamation

Accountancy

The debentures to be reflected is 60 & 30 right? Why under Net Assets Taken Over it is shown as 40 & 20?

Soon to be CA

CA Inter

★ 4K+

19-Dec-24 19:37

535

Answers (1)

Best Answer

60,30 was 10% Debentures. We issue 15% debentures to discharge the 10% debentures for such an amount that total interest remains same. So 90×10% ÷ 15% is 60. Thus, 60 of 15% Debentures are issued in total

Vishnu Muraleedharan

CA Final

★ 32K+

20-Dec-24 08:49