10 :- Kamya Ltd. issued 30,000, 8% Debentues of Rs 100 each at 10% premium for subscription. The issue price was payable Rs 40 on application, Rs 40 (including premium) on allotment and balance on first and final call. It received application money amounting to Rs 10,80,000. Allotment was made and allotment money was received. First and final call is yet to be made. You are required to pass the necessary Journal entries.
Solution :-
