Question

A limited company issued 1,000 debenture bonds of 100 each at a premium of 10% repayable at par at the end of the 10th year. The debenture bonds were payable 25% on application, 35% on allotment (including the premium) and the balance on first and final call. All the money were received by the company in due course. You are asked to journalise the above transactions in the books of the company.

Answer 1

Answer:

10 lakhs

Explanation:

because I am bigger