ABC Limited issued 9,500, 12% debentures of ₹100 each payable ₹30 on application and the remaining amount on the allotment. The public applied for 9,000 debentures which were fully allotted, and all the relevant allotment money was duly received. Give journal entry for the receiving of allotment money. |
Bank A/c Dr. र6,30,000 Bank A/c Dr. र2,70,000 Bank A/c Dr. र8,00,000 Bank A/c Dr. र7,00,000 |
Bank A/c Dr. र6,30,000 |
The correct answer is option 1- Face value of debenture = ₹100 Application received for Debentures = 9000 |