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Mona limited has issued 20, 000 …

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Mona limited has issued 20, 000 9% debenture of rupees hundred each of which have the amount is due for redemption on 31st March 2016 the company as in its debenture redemption reserve account balance of rupees 440000 investment as required by law was made in Government Security record the necessary journal entry at the time of redemption of debenture
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