Sarthaks Test
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A. Ltd. issued 90,00,000, 9% Debenture of Rs.50 each at a discount of 8%, redeemable at par any time after 9 years. Record necessary entries in the books of A. Ltd.

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Note : A single compound entry can also be passed with bank and discount on issue of debenture debit and 9% debentures account credit. 

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