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Question 88. Vijaya Ltd. Acquired assets of Rs. 40 lakhs and took over creditors of Rs. 4 lakhs from Sunil Enterprises. Vijaya Ltd. Issued 12%

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Question 88. Vijaya Ltd. Acquired assets of Rs. 40 lakhs and took over creditors of Rs. 4 lakhs from Sunil Enterprises. Vijaya Ltd. Issued 12% Debentures of Rs. 10% as purchase consideration. Record necessary Journal entries in the books of Vijaya Ltd. please answer in text

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