A company issue 5,000 12% debentures of Rs. 100 each at par, payabale as follows:
On Application : 20
On Allotment : 80
How much money is received in allotment stage if all the moneys are duly received?

Personal Account

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Real Account

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Nominal A/c

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All of these

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Solution

The correct option is A
Personal Account

Allotment money received = 5,000 * 80 = 4,00,000

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A company issue 5,000 12% debentures of Rs. 100 each at par, payabale as follows: On Application : 20 On Allotment : 80 How much money is received in allotment stage if all the moneys are duly received?

The correct option is A Personal Account Allotment money received = 5,000 * 80 = 4,00,000

A company issue 5,000 12% debentures of Rs. 100 each at par, payabale as follows:
On Application : 20
On Allotment : 80
How much money is received in allotment stage if all the moneys are duly received?

The correct option is A
Personal Account

Allotment money received = 5,000 * 80 = 4,00,000