Kati Ltd. issued 8,000, 9% debentures of Rs. 100 each at a discount of 10%. The full amount was payable on application. Applications were received for 9,000 debentures and allotment was made on pro-rata basis.

Pass the necessary journal entries for the above transactions in the books of Kati Ltd.

Marks-3/6, CBSE:2019-20/Main/02/Q-20*