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36. Woodlock Ltd. issued 20,000, 8% Debentures of 7 100 each on 1st April, 2019 redeemable at 20% premium.The debentures were fully subscribed.It has a balance of 1.50,000 in Securities Premium Reserve AccountPass the necessary Journal entries for issue of debentures and writing off loss on issue of debentures. |
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