CBSE 2025 · Region 2 · Set 3 · Q19

Apoorv Ltd. ac uired building worth ₹ $\displaystyle 15,50,000$, Machinery worth ₹ $\displaystyle 11,40,000$ and Furniture worth ₹ $\displaystyle 1,10,000$ from Dhruv Ltd. and took over its liabilities of ₹ $\displaystyle 2,00,000$ for a purchase consideration of ₹ $\displaystyle 25,00$,000. Apoorv Ltd. paid the purchase consideration by issuing $\displaystyle 12$% debentures of ₹ $\displaystyle 100$ each at a premium of $\displaystyle 25$%. Pass the necessary journal entries in the books of Apoorv Ltd. for the above transactions.

OR

Ajanta Ltd. purchased machinery worth $\displaystyle 5$ $\displaystyle 36.00.000$ from Sujata Ltd. Ajanta Ltd. paid half the amount to Sujata Ltd. through a bank draft and the ba once by issuing $\displaystyle 8$% debentures of ₹ $\displaystyle 100$ each at a discount of $\displaystyle 10$%. Pass the necessary journal entries in the books of Ajanta Ltd. for the above transactions.