Sinco Ltd purchased assets of the book value of ₹1,98,000 from Dixon Ltd. It was agreed that the purchase consideration be paid by issuing 10% debentures of ₹100 each.

Record the necessary journal, entries in the books of Sinco Ltd. assuming that the debentures have been issued:

• At a discount of 10%,
• At a premium of 10%.

Marks-3, CBSE:2022-23/Zone-2/Set-1/Q-17*