B Ltd. issued 2,000, 13% Debentures of Rs. 100 every at Rs. 110 payable as takes after:
On Application Rs. 25
On Allotment Rs. 35 (counting premium)
On First and Final Call Rs. 50
The debentures were completely subscribed and the cash were rightfully gotten. Plan money book, pass the fundamental diary sections and set up the asset report of the organization