Nupur Ltd. took over Plant and Machinery worth ₹ 8,00,000, Stock worth ₹ 7,00,000 and Sundry Debtors for ₹ 6,00,000 from Vandana Ltd

Nupur Ltd. took over Plant and Machinery worth ₹ 8,00,000, Stock worth ₹ 7,00,000 and Sundry Debtors for ₹ 6,00,000 from Vandana Ltd. for a purchase consideration of ₹ 22,80,000. Nupur Ltd. paid the purchase consideration by issuing 8% Debentures of ₹ 200 each. Pass entries in the books of Nupur Ltd. when:

(a) Debentures were issued at 5% discount.

(b) Debentures were issued at 20% premium.

[Ans. Goodwill ₹ 1,80,000; Number of Debentures issued in case (a) 12,000 and in Case (b) 9,500.]