Analyze the case given below and answer the questions.

Anil Technologies limited company issued 5,000, 9% Debentures of ₹100 each at a premium of ₹20 payable as follows:
1. ₹40 including premium of ₹10 on application
2. ₹40 including premium of ₹10 on allotment
3. Balance on first and final call
Applications were received for 5,000 debentures and allotment was made to all the applicants. All the calls were made and amounts received.

What is the amount per debenture received at the first and final call?

₹40

The correct answer is option 2- ₹40.

Amount received on first and final call = 100 - 30 (Application money) - 30 (Allotment Money)
                                                            = ₹40