Buddha Limited took over assets of ₹40,00,000 and liabilities of ₹6,50,000 of Ginny Limited. Buddha Limited issued 30,000, 8% Debentures of ₹ 100 each at 10% discount, to be redeemed at 5% premium along with cheque of ₹5,00,000. Pass necessary journal entries in the books of Buddha Ltd. 

Mark-3, CBSE: 2024-25/Sample/Q-19*