Question

saraswati Ltd issued 20000,14%debentures of 100 each premium of 10 payable as follows 25 on application 45 on allotment and 40 on first and final call all the debentures were applied .A,the holder of 5000 debentures paid the entire amount on his holding on allotment B the holder of 1000 debentures failed to pay the allotment and final call pass the journal entry​

Answer 1

journal entries for the above question :-