z limited purchase building for 440000. half the payment was made in cash and the remaining by issue of 12 % Debentures of 100 each at a priminium of 10 % give journal entries in the books of ram banshi limited.
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Explanation:
building dr 440000
loss issue premium dr 22000
cash cr 220000
12℅ debenture cr 220000
primium reservevcr 22000
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