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M. Ltd. took over assets of Rs. 9,00,00,000 and liabilities of Rs. 70,00,000 of S. Ltd. and issued 8% debentures of Rs. 100 each.

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M. Ltd. took over assets of Rs. 9,00,00,000 and liabilities of Rs. 70,00,000 of S. Ltd. and issued 8% debentures of Rs. 100 each. Record necessary entries in the books of M. Ltd.

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Journal Entries in Book of M.Ltd

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