Romi Ltd. acquired assets of ₹20 lakh and took over creditors of ₹2 lakh from Kapil Enterprises. Romi Ltd. issued 8% debentures of ₹100 each at par as purchase consideration. How many debentures are issued for purchase consideration?

18,000

The correct answer is option 3- 18,000.

Purchase consideration = Assets - liabilities
                                      = 20,00,000 - 2,00,000
                                      = ₹18,00,000

No. of debentures issued = Purchase Consideration/ Issue Price of a Debenture
                                         = 18,00,000/100 
                                         = 18,000