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Vinod Limited purchased Machinery worth Rs.4,00,000 …

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Vinod Limited purchased Machinery worth Rs.4,00,000 from KK Limited on 1.1.2013. Rs.1,00,000 was paid immediately and the balance was paid by issue of Rs.2,80,000, 12% Debentures in Vinod Limited. Pass necessary journal entries to record these transactions in the books of Vinod Limited.
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