$X$ Co. Ltd. purchased assets worth Rs. $28,80,000$. It issued debentures of Rs. $100$ each at a discount of $4\%$ in full satisfaction of the purchase consideration. The number of debentures issued to vendors is:

To calculate the number of debentures to be issued, use the formula:
$$\text{Number of Debentures}=\frac{\text{Purchase Consideration}}{\text{Issue Price per Debenture}}$$
Given values:Purchase Consideration = Rs. $28,80,000$ Nominal (Face) Value per Debenture = Rs. $100$ Discount Rate = $4\%⟹\text{Discount Amount}=100\times 4\%=\text{Rs. }4$ Issue Price per Debenture = $\text{Face Value}-\text{Discount}=100-4=\text{Rs. }96$ Substitute the numbers into the formula:
$$\text{Number of Debentures}=\frac{28,80,000}{96}=30,000$$