CA CPT Model Test Paper 5 with solutions for online practice

Kapoor Ltd. issued 7,50,000, 12% debentures of Rs. 100 each at a premium of 10% payable Rs. 40 on application and balance on allotment. Debentures are redeemable at par after 6 years. All money due on allotment was called up and received. The amount of premium will be :