Which account, and with what amount, will be debited for the excess amount of the net assets over purchase consideration at the time of the purchase of the business by XYZ Ltd,.

Net Assets taken over:

Assets = Rs 3,00,000

Less: Liabilities = Rs 20,000

Net Assets = Rs 2,80,000

Purchase Consideration = Rs 3,15,000

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Calculating the difference:

Purchase Consideration - Net Assets

= 3,15,000 - 2,80,000

= Rs 35,000

Since the Purchase Consideration (Rs 3,15,000) exceeds the Net Assets (Rs 2,80,000), the difference of Rs 35,000 represents Goodwill.

Goodwill is an intangible asset, and assets are debited when they are acquired.

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The journal entry would show:

Particulars	Debit (Rs)	Credit (Rs)
Business Purchase A/c	3,00,000
Goodwill A/c	35,000
To Blue Prints Ltd.		3,15,000
To Liabilities		20,000

Therefore, Goodwill Account will be debited with Rs 35,000.

Note: The question's wording mentions "excess of net assets over purchase consideration" but actually the purchase consideration exceeds net assets, resulting in Goodwill, not Capital Reserve. Capital Reserve would arise only if net assets exceeded purchase consideration.