These too are accounting questions. Need them in few hours with the previous ones.

Q7 To provide employment to the youth and to develop the Naxal affected backward areas of Chattisgarh. X Ltd. decided to set-up a power plant. For raising funds the company decided to issue 7,50,000 equity shares of Rs 10 each at a premium of 50%. The whole amount was payable on application. Applications for 20,00,000 shares were received. Applications for 50,000 shares were rejected and shares were allotted to the remaining applicants on pro-rata basis. Pass necessary journal entries for the above transactions in the books of the company and identify any two values which X Ltd. wants to propagate. Q8 Q9 Sandesh Ltd. took over the assets of Rs 7,00,000 and liabilities of Rs 2,00,000 from Sanchar Ltd. for a purchase consideration of Rs 4,59,500. Rs 8,500 were paid by accepting a draft in favour of Sanchar Ltd. payable after three months and the balance was paid by issue of equity shares of Rs 10 each at a premium of 10% in favour of Sanchar Ltd. Pass necessary journal entries for the above transactions in the books of Sandesh Ltd. State any three circumstances other than (i) admission of a new partner; (ii) retirement of a partner and (iii) death of a partner, when need for valuation of goodwill of a firm may arise. KTR Ltd., issued 365, 9% Debentures of Rs 1,000 each on 4-3-2016. Pass necessary journal entries for the issue of debentures in the following situations: (a) When debentures were issued at par redeemable at a premium of 10%. (b) When debentures were issued at 6% discount redeemable at 5% premium. Q11 P and Q were partners in a firm sharing profits in the ratio of 5:3. On 1-4-2014 they Q10