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Sanjay Limited issues 1000, 10% debentures of ₹100 years at a discount of 10%. These debentures redeemed after 5 years by converting into equity shares of ₹ 10 each at par. Makes necessary journal entries regarding the redemption in the books of the company.

Asked by raksha2sanubth 3rd December 2020, 11:30 PM

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