Abc lmited issued rs 10000 12 debentures of rs 100 each, Ask an Expert

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ABC Lmited issued Rs 10,000, 12% debentures of Rs 100 each payable Rs 30 on application and remaining amount on allotment. The public applied for 9,000 debentures which were fully allotted, and all the relevant allotment money was duly received. Give journal entries in the books of ABC Ltd., and exhibit the relevant information in the balance sheet.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91977821

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