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Gajendra Ltd. took a loan of Rs 5,00,000 from Bank of India and put 7% Debentures of Rs 6,00,000 to the bank as collateral security.

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Gajendra Ltd. took a loan of Rs 5,00,000 from Bank of India and put 7% Debentures of Rs 6,00,000 to the bank as collateral security. Give journal entries in the books of Gajendra Ltd. and draw balance sheet. If
(i) no entry was made,
(ii) entry was passed for issue of debentures as collateral security.

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(i) If no entry made on issue of debenture:

(ii) If entry made on issue of debenture:

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