CBSE 2022 · Region 4 · Set 2 · Q9

Satnam Ltd. purchased Building worth ₹ $\displaystyle 5,00,000$, Plant worth ₹ $\displaystyle 4,60,000$ and Furniture worth ₹ $\displaystyle 2,20,000$ from Gurnam Ltd. for a purchase consideration of ₹ $\displaystyle 12,60$,000. Satnam Ltd. paid the purchase consideration by issuing $\displaystyle 10$% debentures of ₹ $\displaystyle 100$ each. Pass the necessary journal entries in the books of Satnam Ltd. for the acquisition of assets and issue of $\displaystyle 10$% debentures when : (a) Debentures were issued at par. (b) Debentures were issued at premium of $\displaystyle 25$%. (c) Debentures were issued at a discount of $\displaystyle 10$%.