Answer the questions from the passage-

XYZ Ltd. purchased assets worth Rs 3,00,000 from Blue Prints Ltd., and took overs its liabilities of Rs 20,000 for a purchase consideration of Rs 3,15,000. XYZ Ltd., paid the purchase consideration by issuing 12% debentures of Rs 100 each at a premium of 5%.

How many debentures would be issued, if debentures were issued at par?

3,150

The correct answer is Option (2) → 3,150 

Given:

• Purchase consideration = ₹3,15,000

• Face value of each debenture = ₹100

• Issued at par → Issue price per debenture = ₹100

Number of debentures=Purchase consideration​ / Issue price per debenture

                                = 3,15,000/ 100 = 3,150