Pass journal entries for the following :
(i) X Ltd. purchased L and Building from R. Sundram for Rs. 5,00,000 payable in fullypaid shares of Rs. 100 each at a premium of 25 %.
(ii) Y Ltd. decided to issue 2,000 shares of Rs. 100 each to the Unit Trust of India as underwriting commission.

X Ltd. purchased the business of Y Ltd. For Rs 9,00,000 payable in fully paid shares of rs 10 each. What entries will be made in the books of X Ltd. If such issue is : (i) at par, and (ii) at a premium of 25% .

(Issue of Shares for Purchase of Business). Tiny Toys Ltd. purchased the business of Ram Bros. for Rs. 1,80,000 payable in fully paid Equity Shares of Rs. 10 each. What entries will be passed in the books of Tiny Toys Ltd. if the issue is :(i) at par and (ii) at a premium of 20%?

Give Journal entries for the following: 1. Issued of Rs 100,000 , 9% debentures of Rs 100 each at par and redeemable at par. 2. Issue of Rs 100000,9% debentures of Rs 100 each at premium of 5% but redeemable at par. 3 Issue of Rs 1,00,000 , 9% debentures of Rs 100 each at discount of 5% repalyable at par. 4 Issue of Rs 1,00,0000 , 9% debentures of Rs 100 each at par but repayable at a premium of 5%. 5. Issue of Rs 1000000 , 9% debentures of Rs 100 each at discount of 5% but redeemable at premium of 5%. 6. Issue of Rs 100000 , 9% debentures of Rs 100 each at premium of 5% and redemable at premium of 5%.

Pass necessary journal entries for the following transactions in the books of Gopal Ltd. : (i) Purchased furniture for Rs. 2,50,000 from M/s Furniture Mart. The payment to M/s Furniture Mart was made by issuing equity shares of Rs. 10 each at a premium of 25%. (ii) Purchased a running business from Aman Ltd. for a sum of Rs. 15,00,000. The payment of Rs. 12,00,000 was made by issue of fully paid equity shares of Rs. 10 each and balance by a bank draft. The assets and liabilities consisted of the following : Plant Rs. 3,50,000, Stock Rs. 4,50,000, Land and Building Rs. 6,00,000, Sundry Creditors Rs. 1,00,000.