Question - 29

T Ltd. offered 2,00,000, 8% debenture of Rs. 500 each on june 30, 2014 at a premium of 10% payable as Rs. 200 on application (including premium) and balance on allotment redeemable at par after 8 years but application are received for 3,00,000 debentures and the allotment is made on prorata basis all the money due on application and allotment is received record necessary entries regarding issue of debentures.

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