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Making entries in the books of the company

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Reference no: EM13256803

Udoh Investment Limited has a registered capital ofN1,000,000 ordinary shares of N1each issued and fully paid. The directors raised 4% debentureof N100 each for public subscription on 1st July1990 payable by instalments as follows:

N40 per Debenture on Application
N60 per Debenture on Allotment

All the debentures were fully subscribed and allotted. Application and Allotment money were received on 8th and 12th July1990 respectively. You are required to make entries in thebooks of the company.

Reference no: EM13256803

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