Question

A Limited issued 5000, 10% debentures of Rs 100 each at a premium of Rs 10 per debentures payable as follows:
On application Rs25
On alotment Rs 45 (including premium)
On forst and final call Rs 40
The debenturs were fully subscribed and all money was duly recived Record the necessary entries in thge books of the company.Show how the amounts will appear in the balance sheet.

Answer 1

Answer:

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