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A.Ltd. issued 10,000, 10% Debentures of Rs.100 each at a premium of 5% payable as follows: 

Rs.10 on Application; Rs.20 along with premium on allotment and balance on First and Final call. Record necessary Journal Entries.

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Journal Entries.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.