X Ltd. made an issue of 10,000 12% debentures of ₹100 each, payable as follows: ₹25 on Application, ₹25 on Application, ₹50 on First and Final Call. Applications were received for 12,000 debentures and the directors allo

Cash Book (Bank Column) Particular Amount Particular Amount To 12% Debenture Application ₹3,00,000 By Debenture Application (Refund) ₹50,000 To 12% Debenture Allotment ₹2,50,000 By Balance c/d ₹10,00,000 To 12% Debenture First and Final Call ₹5,00,000 Total ₹10,50,000 Total ₹10,50,000 Journal Entries in the Books of X Ltd. Date Particulars L.F. Amount (Dr.) Amount (Cr.) 12% Debenture Application A/c Dr. ₹2,50,000 To 12% Debenture A/c ₹2,50,000 (Being application of 10,000 12% Debenture of ₹100 each due @ ₹25 for debenture as per board's resolution dated ______) 12% Debenture Allotment A/c Dr. ₹2,50,000 To 12% Debenture A/c ₹2,50,000 (Being Allotment of 10,000 12% Debenture of ₹100 each and allotment money due @ ₹25 for debenture as per board's resolution dated ______) 12% Debenture First and Final Call A/c Dr. ₹5,00,000 To 12% Debenture A/c ₹5,00,000 (Being 12% Debenture First and Final Call money due on 10000 12% Debenture @ ₹50 per debenture as per board resolution dated ______)