Question - 22
D Ltd. issued 1,000, 5% debentures at a premium of 10% of Rs. 100 each payable Rs. 25 on application, Rs. 35 on allotment (including premium Rs. 10) and the balance amount on first and final call the final call money was received from all except for a holder of 20 debentures who failed to pay show journal entries in the books of the company.
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