Question

Plejj give journal entries...it's urgent.....
Class 12
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Answer 1

Answer:

assets a/c dr 8.40,000

to liabilities a/c 80,000

to y Ltd 7,20,000

to capital reserve 40,000

y Ltd a/c 7,20,000

discount a/c dr 80,000

to debentures a/c 8,00,000

7,20,000÷90=8,000 debentures