XYZ Ltd has issued 20,000 debentures at Rs.100 each per debenture for a four-year term. But the public has only subscribed to 16,000 debentures. Rs.40 is collected at application stage and Rs.60 upon allotment. At application stage, the Bank A/c is debited with what amount?

XYZ Ltd has issued 20,000 debentures at Rs.100 each per debenture for

1.	XYZ Ltd has issued 20,000 debentures at Rs.100 each per debenture for a four-year term. But the public has only subscribed to 16,000 debentures. Rs.40 is collected at application stage and Rs.60 upon allotment. At application stage, the Bank A/c is debited with what amount?
Answer» XYZ Ltd has issued 20,000 debentures at Rs.100 each per debenture for a four-year term. But the public has only subscribed to 16,000 debentures. Rs.40 is collected at application stage and Rs.60 upon allotment. At application stage, the Bank A/c is debited with what amount?

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XYZ Ltd has issued 20,000 debentures at Rs.100 each per debenture for a four-year term. But the public has only subscribed to 16,000 debentures. Rs.40 is collected at application stage and Rs.60 upon allotment. At application stage, the Bank A/c is debited with what amount?

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