iv. For Collecting the Allotment Money Bank Account Dr. Debenture Allotment Account 30 (Allotment money received) 30 v. For Making the Debenture 1st call Debenture 1st call account Dr. 50 To Debenture Account 50 (1st call made on debentures) vi. For Collecting the Debenture 1st call Amount Bank Account Dr. 50 To Debenture 1st call 50 (Debenture 1st call amount received) a2. Debentures Issued at Par which is Redeemable at Par (amount collected in lump sum at the time of issue) Example: A limited company issued a debenture of Rs.100, to be paid in lump sum at the time of application. Particulars Amount Amount Cr. Dr. Bank Account Dr. 100 To Debenture Application Account 100 (Full amount received on issue of debentures)
iv. For Collecting the Allotment Money Bank Account Dr. Debenture Allotment Account (Allotment money received) 30 30 v. For Making the Debenture 1st call Debenture 1st call account Dr. To Debenture Account (1st call made on debentures) 50 50 vi. For Collecting the Debenture 1st call Amount Bank Account Dr. To Debenture 1st call (Debenture 1st call amount received) 50 50 a2. Debentures Issued at Par which is Redeemable at Par (amount collected in lump sum at the time of issue) Example: A limited company issued a debenture of Rs.100, to be paid in lump sum at the time of application. Particulars Amount Dr. Amount Cr. Bank Account Dr. To Debenture Application Account (Full amount received on issue of debentures) 100 100
217622_47073_company_account.docx