Mallark Ltd. purchased assets of book value  ₹40,00,000 and took over liabilities of  ₹5,00,000 from Naroha Ltd. It was agreed that the purchase consideration,  ₹36,00,000 be paid by issuing 7% debentures of  ₹100 each at a premium of 20%.  Record the journal entries in the books of Mallark Ltd. for the above transactions.   

Marks-3, CBSE: 2024-25/Zone-4/Set-1/Q-19(a)