Rama Ltd. took over the following assets and liabilities of Krishna Ltd. on 1st April, 2019:
| Rs. | |
| Land and Building | 50,00,000 |
| Furniture | 10,00,000 |
| Stock | 5,00,000 |
| Creditors | 7,00,000 |
The purchase consideration of Rs. 60,00,000 was paid by issuing 12% debentures of Rs. 100 each at a premium of 20%.
Pass the necessary journal entries for the above in the books of Rama Ltd.
Marks-2/6, CBSE:2019-20/Main/02/Q-20*