Vishnu Ltd. purchased the business of Vipin with the assets of Rs 12,00,000 and liabilities of Rs 1,92,000. Purchase consideration was paid by issuing 7% Debentures of Rs 100 each. Give journal entries in the books of Vishnu Ltd. for purchase of business and issue of debentures, if debentures are issued (A) at par, (B) at 5% premium, (C) at 4% discount.
