X Ltd. purchased land and building worth Rs. 28,80,000 and in lieu issued debentures of Rs. 100 each at a discount of 4%. The number of debentures issued will be:

The correct answer is D. None of the above.

To calculate the number of debentures issued, we need to know the face value of the debentures and the amount of discount. The face value of the debentures is given as Rs. 100 each. The amount of discount is not given.

If the discount is not given, we cannot calculate the number of debentures issued.

The answer A is incorrect because it is the face value of the debentures. The answer B is incorrect because it is the number of debentures that would be issued if there was no discount. The answer C is incorrect because it is the number of debentures that would be issued if the discount was 4%.

The correct answer is D. None of the above.