Blue prints Ltd., purchased building wir...

Blue prints Ltd., purchased building wirth Rs 150,000 machinery worth Rs 140000 and furnitrue worth Rs 10000 from XYZ Co., and took over its liabilities of Rs 20000 for a pruchase consideration of Rs 315000 .Blue prints Ltd., paid the purchase consideration by issuing 12% debentures of Rs 100 each at premium of 5% Record necessary journal entries.

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