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On 1st April, 2018 R.J. Ltd. …

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On 1st April, 2018 R.J. Ltd. issued Rs 10,00,000 9% debentures of Rs 100 each at a discount of 10% . These debentures were redeemable at a premium of 5% after four years. Pass necessary journal entries and prepare 8% Debenture Account and loss on issue of Debentures A/c.
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