Over-subscription or De 4. Atul Ltd. issued 20,000, 12% debentures of 100 each payable ? 40 on application and 60 on allotment. Applications were received for 22,000 debentures. Applications of 20,000 were accepted in full and remaining applications were rejected and application money was refunded. All money was duly received. Journal there transactions. Tans. Refund of Application Money 80,000.)
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The applicants will accept the allotment of the in journal are as 200 at 20 percent
3000 are at 40 applications and 60 allotment.
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