Romi Ltd purchased building worth ₹150000, machinery ₹140000 and furniture worth ₹10000 from xyz co. and took over its liabilities of ₹20000 for a purchase consideration of ₹315000. They paid the purchase consideration by issuing 12% debentures of ₹100 each at a premium of 5 %. What will be the number of debentures issued by Romi Ltd?

3000

Building      Dr.    ₹150000
Machinery  Dr.    ₹140000
Furniture    Dr.   ₹10000
Goodwill     Dr.   ₹35000 (Balancing figure)
       To Liabilities              ₹20000
       To xyz co.                  ₹315000
(Assets purchased from xyz co.)

Purchase consideration of ₹315000 is paid by issuing debentures of ₹100 at a premium of 5%.
Issue price of debenture = 100 + premium
                                       = 100 + (100 x 5/100)
                                       = 100+5
                                       = ₹105
No of debentures issued = Purchase consideration / Issue price of debenture
                                        = 315000 /105
                                        = 3000