Pro- MIR Pages No. Date: PREMIUM Final The zenoes-o the on tele own quadhatte olllowin9_Quadriatte me zeneca and p.

Pro- MIR Pages No.Date: PREMIUM Final The zenoes-o the on tele own quadhatte olllowing Quadriatte me zeneca and p.

Exe Ltd. Issued 10,000, 9 % Debentures of ₹ 100 each at a premium of 10% payable ₹ 25 on application, ₹ 35 on allotment (including Premium) and the balance on fi₹t and final call. Applications were received for 15,000 debentures. Allotment was made on pro rate basis excess application money being applied towerds amount due on Allotment. All sums due were received by the company on due dates. Journalise the above transactions in the books of Exe Ltd. and prepere extract of the Balance Sheet showing Securities Premium Reserve and Debentures.