1.

X Ltd purchased a machinery from Y for an agreed purchase consideration of Rs.4,40,000 to be satisfied by the issue of 12% Debentures of Rs.100 each at a premium of Rs.10 per Debenture. Journalise the transaction.

Answer»

X Ltd purchased a machinery from Y for an agreed purchase consideration of Rs.4,40,000 to be satisfied by the issue of 12% Debentures of Rs.100 each at a premium of Rs.10 per Debenture. Journalise the transaction.



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