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12-12-2022
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Lemon Ltd. purchased from C. Ltd., computers of Rs. 3,00,000 and software for Rs. 5,00,000 payable Rs. 80,000 by cheque and balance by issue of 7% Debentures of Rs. 100 each at a discount of 10%. The company has balance in Securities Premium Reserve of Rs. 40,000 and in Capital Reserve of Rs. 25,000. Pass the journal entries in the books of Lemon Ltd.

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