Q17 (Presentation of debentures in balance sheet) Mh. Ltd. issued 5,000,

6% Debenture of Rs. 100 each at a premium of 10%. The payment was to be made as follows: On Application Rs. 50

(including premium) On First and Final Call Rs. 20 .

On Allotment Rs. 40

Application was received for 7,000 Debentures Allotment was made proportionately to all the applicants and over subscription being applied to the amount due on allotment. All money due were received by the company in due course.

Show, how the above transactions shall appear in the Balance Sheet of the Company.