A company purchased land & building of the book value of 4,50,000 from Mr. Anand. It was
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A company purchased land & building of the book value of ₹4,50,000 from Mr. Anand. It was agreed that the purchase consideration be paid by issuing 10% debentures of ₹100 each. Pass journal entries if the debentures have been issued:
(i). At par;
(ii). At discount of 10%;
(iii). At a premium of 10%.
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