TAns. Total of Journal 2.00.000 Escon Ltd. offered for publie subscription 5,000, 8% Debentures of 100 each payable as 25% on application, 60% on allotment and 15% on a call per debenture. Applications were received for 4,000 debentures which were duly allotted. All the calls were made and money realised. Expenses on issue of debentures amount to 500. Show the Journal and Cash Book entries. [Ans. Cash Book Balance 3,99,500]
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