Question - 11

'B' Ltd. issued 4,000 debentures of Rs. 100 each at 5% premium payable as follows:

Rs. 15 on application, Rs. 25 on allotment (with premium), Rs. 30 on first call, Rs. 20 on 2nd call and balance on 3rd and final call all amounts were duly received prepare cash books of 'B' Ltd.

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