Gundola Ltd. took over assets of ₹ 9,00,000 and liabilities of ₹ 3,00,000 from AK Ltd. for an agreed purchase consideration of ₹ 14,00,000. The payment was made by issuing a cheque of ₹ 4,60,000 and balance by issue of 8\% Debentures at a discount of 10\%. Record necessary journal entries in the books of Gundola Ltd. for the above transactions.