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(issue of debentures at premium payable …

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(issue of debentures at premium payable in instalments,oversubscribed,allotment on pro rata).Exe Ltd. Issued 10,000; 9% Debentures of 100 rupees each at a premium of 10% payable 25 rupees on application,35 rupees on allotment (including premium) and the balance on first and final call.Applications were received for 15,000 debentures.Allotment was made on pro rata basis excess application money being applied towards amount due on allotment.All sums due were received by the company on due dates. Journalise the above transactions in the book of Exe Ltd. And pepare the balance sheet

Posted by Raj Singhaniya 7 years ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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