Prime Ltd. took over assets of ₹6,00,000 and liabilities of ₹1,00,000 of Rabi Ltd. for a purchase consideration of ₹3,60,000. Prime Ltd. issued 10% debentures of ₹100 each at a discount of 10% in full satisfaction of purchase consideration.

Pass necessary journal entries in the books of Prime Ltd.

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