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G.S.Rai company purchased assets of the book value of Rs 99,000 from another firm. It was agreed that purchase consideration be paid by issuing 11%
G.S.Rai company purchased assets of the book value of Rs 99,000 from another firm. It was agreed that purchase consideration be paid by issuing 11% debentures of Rs 100 each. Assume debentures have been issued. 1. At par 2. At discount of 10%, and 3. At a premium of 10%. Record necessary journal entries.
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