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Narain Laxmi Ltd. Invited applications f...

Narain Laxmi Ltd. Invited applications for issuing 7,500, 12% Debentures of ₹ 100 each at a premium of ₹ 35 par debentures. The full amount was payable on application. Applicatrion were received for 10,000 Debentures. Allotment was made to all the application on pro rate.
Pass necessery Journal entries for the above transactions in the books of Narain Laxmi Ltd.

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TS GREWAL-COMPANY ACCOOUNT -ISSUE OF DEBENTURES-Exercise
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  2. ABC Ltd. Issued 10,000, 10% Debentures of ₹ 100 each at par for cash...

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  3. Narain Laxmi Ltd. Invited applications for issuing 7,500, 12% Debentu...

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  4. Raj Ltd. Issued 5,000, 8% Debentures of ₹ 100 each at a premium of...

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