Sunlock Ltd. purchased assets of book value  ₹50,00,000 and took over liabilities of  ₹6,00,000 from Moondock Ltd. It paid the purchase consideration by issue of 46,000, 8% debentures of   ₹100 each at a discount of 10%.

Record the journal entries in the books of Sunlock Ltd.  

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

Answer :

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