Question

xyz ltd. issued 2000; 8% debentures of rupees 100 each payable as follows .
rupees 25 on Application
25 on Allotment
and 50 on first and final call
Applications were received for all the debentures Along with the application money and Allotment was made . the call money was also received on due date.
pass necessary journal entries in the book of the company.​

Answer 1

Answer:

bank A/C Dr. 50000 -

TO SHARE APPLICATION - 50000