1.

Nipa Limited issued ₹ 10,00,000 Debentures of ₹ 100 each at a premium of 10%, payable 25% on application (including premium) and the balance on allotment. The debentures were applied for and the amount was dully received. You are required to give Journal entries and prepare Cash Book.

Answer»

TE YOUR ANSWER ISdully received. You are required to give Journal entries and prepare CASH Book. ... Premium (RS 100 × 10%) = Rs 10. ∴ Issue ... Rs 25 including premium of Rs 10 (i.e. Rs 10 + 15).HOPE THIS HELPS MARK AS BRAINLIEST



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