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Udoh Investment Limited has a registered capital of N1000000 ordinary shares of N1

Udoh Investment Limited has a registered capital of N1,000,000 ordinary shares of N1 each issued and fully paid. The directors raised 4% debenture of 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 July 1990 respectively. You are required to make entries in the books of the company.

Apr 20 2018 View more View Less

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