Question - 27

D.P. Ltd. issued 10,000 debentures of Rs. 100 each payable : Rs. 20 on application, rs. 40 on allotment and the balance on call the public applied for 14,000 debentures application of 9,000 debentures were accepted in full applicants for 2000 debentures were allotted 1,000 debentures and the remaining applications were rejected pass necessary journal entires in the books of D.P. Limited.

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