ZPA Ltd. issued 10,000, 12% Debentures of Rs. 100 each at par payable in full on application by 1st April, 2021. Applications were received for 11,000 Debenture. Debentures were allotted on 7th April, 2021. Excess money was refunded. Which amount will appear in the balance sheet as “12% Debentures?

Rs. 11,00,000 Rs. 10,00,000 Rs. 9,00,000 Rs. 10,80,000

Rs. 10,00,000

In balance sheet, the face value of 12% debentures issued will appear as 10,000 × 100 = Rs. 10,00,000