N Ltd. purchased fixed asset of ₹4,00,000 out of which ₹1,30,000 was paid in cash and balance in debentures. The consideration was paid by the issue of 12% Debenture of Rs. 100 each at 10% discount. How many debentures were issued?

3,000

Amount paid in the form of debentures = 4,00,000 - 1,30,000 = ₹2,70,000
Value of a debenture issued at 10% discount = 100 - 10 = ₹90
No. of debentures issued = 2,70,000 / 90 = 3,000