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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. |
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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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