Pure Products Ltd. issued 30,000, 8% Debentures of ₹ 100 each at 10% premium for subscription
Pure Products Ltd. issued 30,000, 8% Debentures of ₹ 100 each at 10% premium for subscription. The issue price was payable ₹ 40 on application, ₹ 40 (including premium) on allotment and balance on first and final call. It received application money amounting to ₹ 10,80,000. Allotment was made and allotment money was received. First and Final call is yet to be made.
You are required to pass the necessary Journal entries.
Anurag Pathak Changed status to publish October 6, 2023