Narain Laxmi Ltd. invited applications for issuing 7,500; 12% Debentures of ₹ 100 each at a premium of ₹ 35 per debenture. The full amount was payable on application. Issue was subscribed and allotment was made.

Pass necessary Journal entries for the above transactions in the books of Narain Laxmi Ltd.

Anurag Pathak Changed status to publish October 4, 2023
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