TARA Co. Ltd purchased assets worth Rs 72, 00,000. It issued debentures of Rs 100 each at a Premium of 20 percent in full satisfaction of the purchase consideration. What will be the number of debentures issued to vendor?

60,000

Value of Assets purchased= Rs. 72,00,000
Value of one Debenture to be issued= 100 + 20 = Rs. 120 (including premium)
Total No. of debentures issued = 72,00,000/120
                                                 = 60,000