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Galaxy Ltd., an unlisted (Non-NBFC or HFC) company, purchased its own 1,500; 11% Debentures of ₹ 100 each redeemable at 10% premium @ ₹ 95 per debenture.

Pass necessary journal entries for purchase and cancellation of debentures.

Anurag Pathak Changed status to publish November 5, 2023
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