Analyze the case given below and answer the questions that follow: Anil Technologies limited company issued 5,000, 9% Debentures of Rs. 100 each at a premium of Rs. 20 payable as follows: 1. Rs. 40 including premium of Rs. 10 on application 2. Rs. 40 including premium of Rs. 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?

Rs. 20 Rs. 40 Rs. 30 Rs. 10

Rs. 40

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