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     EduGorilla 
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    Raghav Limited purchased a running business from Krishna traders for a sum of Rs. 15,00,000 payable Rs. 3,00,000 by cheque and for the balance issued 9% debentures of Rs. 100 each at par. The assets and liabilities consisted of the following: Plant and Machinery Rs. 4,00,000 Building Rs. 6,00,000 Stock Rs. 5,00,000 Debtors Rs. 3,00,000 Creditors Rs. 2,00,000. Journal entries in the books of Raghav Limited. for issue of debentures. Pass entry for issues of 12,000 debentures of Rs. 100 each at par and rest paid by a cheque.

    Options :-

    1. Krishna Traders a/c Dr.  1500000
      To Bank a/c                           300000
      To 9% Debentures a/c          1200000

    2. Krishna Traders a/c Dr.  1500000
       To Bank                         200000
      To 9% Debentures a/c    1300000

    3. Krishna Traders a/c  Dr.  1500000
      To Bank                           500000
      To 9% Debentures a/c     1000000

    4. Krishna Traders a/c   Dr.  1500000
      To Bank                             300000
      To Debentures holder a/c  1200000

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Reply To: Raghav Limited purchased a running business from Krishna traders for a sum of Rs. 15,00,000 payable ….
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