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Sunlight Ltd., issued 20,000 10% Debentures of Rs.100 each payable.  Rs. 10 per debenture on application 

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Sunlight Ltd., issued 20,000 10% Debentures of Rs.100 each payable. 

Rs. 10 per debenture on application 

Rs. 40 per debenture on allotment 

Rs. 50 per debenture on first and final call 

All the debentures were subscribed and money duly received Pass the journal entries in the books of the company.

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Journal Entries in the books of Anand co.Ltd

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