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%.

Number of debentures issued are:

3,000

The correct answer is Option (3) → 3,000 

Given:

• Purchase consideration = ₹3,15,000

• Each debenture = ₹100

• Issued at a premium of 5%, i.e., at ₹105 per debenture

Number of debentures=Purchase consideration/ Issue price per debenture

                                 = 3,15,000/105 = 3,000 debentures​