Solution of Question number 7 of the Issue of Debentures Chapter of TS Grewal Book (2025-26) CBSE Board
GT Ltd. issued 5,000; 8% Debentures of ₹ 100 each at a premium of 5% payable as follows: ₹ 10 on application; ₹ 20 plus premium on allotment and balance on first and final call. Pass necessary Journal entries.
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