Z Ltd. Purchased a Machinery from B for Rs 5,76,000. He will be paid by the issue of 10% Debentures of Rs 100 each at a 4% discount. How many Debentures would be issued to him?

5,760 5,000 6,000 10,000

6,000

Number of Debentures issued = 5,76,000/ 96                                                = 6,000 *Issue price= ₹96 (100-4%discount)