R Ltd. issued 8,000, 13% Debentures of ₹ 100 each at a discount of 5% payable as follows On Application ₹ 25
R Ltd. issued 8,000, 13% Debentures of ₹ 100 each at a discount of 5% payable as follows:
Public applied for 6,000 debentures. All the moneys were duly received. Expenses on issue of debentures amounted to ₹ 20,000.
Pass journal entries (for first year only).
| On Application | ₹ 25 |
| On Allotment | ₹ 25 |
| On First and Final Call | The Balance Amount |
Anurag Pathak Answered question 17 hours ago
