Sandhya Ltd. took over the assets of ₹50,00,000 and liabilities of  ₹7,00,000 of Guman Ltd. for purchase consideration of ₹40,00,000. The payment of purchase consideration was made by issue of 9% debentures of ₹100 each at a premium of 25% to Guman Ltd.  

Pass necessary journal entries for the above transactions in the books of Sandhya Ltd.  

Marks-3, CBSE: 2024-25/Zone-6/Set-1/Q-19(a)