Question - 18

Make a journal entries for the following;

  1. X co. ltd. issued 10,000,5% debentures of Rs. 100 each payable Rs. 30 on application, Rs. 40 on allotment and balance on first and final call.
  2. Y co. ltd. issed 2,000;5% debentures of Rs. 100 each at a premium of 10% payable Rs. 40 on application, Rs, 40 on including premium on allotment and balance on first and final call.
  3. Z co. ltd. issed 10,000;5% debentures of Rs. 100 each at a discount of 10% payable in one installment.

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