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RK LTD purchased Furniture for ₹ …

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RK LTD purchased Furniture for ₹ 1,50,000 from RD LTD . ₹ 50,000 were paid by drawing a promissory note in favour of RK LTD. The balance was paid by issue of Equity shares of ₹ 10 each at a premium of 25 %.   Pass necessary Journal entries in the books of RK LTD.
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