Sarthaks Test
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Romi Ltd. acquired assets of Rs.20 lakhs and took over creditors of Rs.2 lakhs from Kapil Enterprises. Romi Ltd. issued 8% Debentures of Rs.100 each at a discount of 10% as purchase consideration. Record necessary Journal entries in the books of Romi Ltd.

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Working Notes :

= 20,000 debentures

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