i) Anand Ltd. purchased machinery worth ₹3,15,000 from Mahima Ltd. The payment was made by issue of 10% debentures of ₹100 each issued at a discount of 10%.
Pass the necessary journal entries for purchase of machinery and debentures in the books of Anand Ltd.
ii) Manas Ltd. issued 10,000, 7% debentures of ₹100 each at a premium of 10% redeemable at a premium of 10% after 6 years.
Pass the necessary journal entries in the books of Manas Ltd. regarding issue of debentures.