Sunrise Ltd. acquired assets of Rs. 3,60,000 and took over creditors of Rs. 1,00,000 from Moonlight Ltd. for an agreed purchase consideration of Rs. 4,80,000. Sunrise Ltd. issued 9% Debentures of Rs. 100 each at a discount of 4% in satisfaction of the purchase consideration. 

Pass necessary journal entries in the books of Sunrise Ltd. Show your workings clearly. 

Marks-3, CBSE: 2023-24/Zone-1/Set-1/Q-19a*