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Wye Ltd. purchased an established business for Rs.2,00,000 payable as Rs.65,000 by cheque

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Wye Ltd. purchased an established business for Rs.2,00,000 payable as Rs.65,000 by cheque and the balance by an issue of 9% Debentures of Rs.100 each at a discount of 10%. Give Journal entries in the books of Wye Ltd.

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Working notes:

= 1,500 Debentures 

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