Question

1. A Ltd. issued 2,000; 9% Debentures of 100 each on the following terms: R20 on application R20 on allotment R30 on first call R30 on first & final call The public applied for 2,400 debentures. Applications for 1,800 accepted in full Applications for 400 debentures debentures were were allotted 200 debentures and applications for 200 debentures were rejected. Pass necessary Journal entries

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Answer 1

Answer:

Due to lack of time im not able write all the narrations but hope my answer will help you.