Question

Surya ltd issued 2500, 15% debentures of rs 100 each at a discount of 10% payable as follows: rs 25 on the application, rs 25 on the allotment and the balance on first call. applications were received for 2000 debentures and the allotment was made. all the money was duly received. expenses on the issue of debentures amounted to 8000. pass journal entries.​

Answer 1

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