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On 31st march 2015, Z ltd purchased its own 200 8% debentures of the face value Rs 20,000 from the open market

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On 31st march 2015, Z ltd purchased its own 200 8% debentures of the face value Rs 20,000 from the open market for immediate cancellation at Rs 92. The expenses of purchase amounted to Rs 400. Pass the journal entries.

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                          Books of Z ltd Journal

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