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Priya Ltd. issued 25,00,000, 12% debentures of 10 each at a discount of 10% redeemable at par at the end of 10th year. Money

 

Priya Ltd. issued 25,00,000, 12% debentures of 10 each at a discount of 10% redeemable at par at the end of 10th year. Money was payable as follows: *4 on application *5 on allotment Record necessary journal entries regarding issue of debenture.

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