Quadrant 4: Assignment

Iron Products Ltd. issued 5,000; 9% Debentures of ₹ 100 each at a premium of ₹ 40 payable as follows:
(i) ₹ 40, including premium of ₹ 10 on applications;
(ii) ₹ 45, including premium of ₹ 15 on allotment and
(iii) Balance as first and final call.
The issue was subscribed and allotment made. Calls were made and due amount was received.
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