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Z Ltd. issued 15,00,000, 10% debenture of Rs.50 each at a premium of 10% payable as Rs.20 on application and balance on allotment. Debentures are redeemable at par after 6 years. All the money due on allotment was called and duly received. Record necessary entries when premium money is included: (i) in application money (ii) in allotment money

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(i) When premium is included in application money

(ii) When premium is included in allotment money 

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