a company ltd.is registered with authorized capital of Rs100 crore. the company issued 4000 Debentures of Rs100 each which were duly applied for and alloted.the Debentures moneys are payable as follows: Rs30 on application,Rs40 on allotment Rs20 on first call and Rs10 on second call.a person holds 100 Debentures fail to pay the amount due on first call.he however pays this amount with the second call money.another person,who is holding 400 Debentures ,has paid 2nd call money with 1st call.pass the necessary journal entry in the books of company
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