Question

af Debentures at Par
Quad issued 2,000, 15% debentures of T100 each at Par. payable as
M: +25 on Application; 325 on Allotment and 50 on First and Final Call
Applications were received for 3,000 debentures. Applications for 1,600
itemtures were accepted in full. Applications for 600 debentures were allotted 400
entures and the rest were rejected. All moneys due were received except final call
100 debentures
Pass necessary journal entries.
Ans. Cash at Bank 1,95,000.)​

Answer 1

Answer:

1,95,000 rs.

Explanation:

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