A Limited issued 5000, 10% debentures of र100 each, at a premium of र10 per debenture payable as follows:
On application र25
On allotment र45 (including premium)
On the first and final call र40.
The debentures were fully subscribed and all money was duly received.
What will be the journal entry for the premium and allotment money due at the time of allotment?

10% Debenture Allotment A/c Dr.          र225000
       To 10% Debentures A/c                               र175000
       To Securities Premium Reserve A/c               र50000

Allotment is र45 including premium
Premium is र10
Allotment is 5000 X 45 = र225000
Premium amount = 5000 X 10 = र50000
Debentures =225000 - 50000= र175000