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A company purchased assets of the book value of ₹ 6,00,000 and took over liabilities of ₹ 1,50,000 from Golden Ltd. It was agreed that the purchase consideration settled at ₹ 4,80,000 by paid by issuing debentures of ₹ 100 each at a premium of 10%. It was further agreed that any fraction of the debenture be paid in cash. Give journal entries in the books of purchasing company.

Anurag Pathak Answered question 9 hours ago
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