Sumi Ltd. acquired assets of Rs. 8,00,000 and took over sundry creditors of Rs. 2,00,000 from Pandora Ltd. for a purchase consideration of Rs. 9,00,000. The payment was made by issuing a cheque of Rs. 4,60,000 and remaining by issue of 9% Debentures of Rs. 100 each at a premium of 10%. 

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

Marks-3, CBSE: 2023-24/Zone-3/Set-1/Q-19a*