2nd PU commerce business study notes first chapter
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premium of 4%. Pass journal entries to record the above including redemption o
debentures.
[Ans. Goodwill *10,000; Debentures issued : 6,000 Debentures of 100 each
Debenture Redemption Investment 90,000; Debenture Redemption Reserve create
for 1,50,000 and transferred to General Reserve.]
Redemntion of Debentures in Instalments by Drawing of Lots :
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