R. Ltd. issued 8,000, 13% Debentures of 100 each at a discount of 5% payable as follows:
On Application
25
On Allotment
25
On First and Final Call
The balance amount

Public applied for 6,000 debentures.
All the moneys were duly received.

Expenses
on issue of debentures amounted to 20,000.
Directors decided to write off 1/5th of
"Expenses on Issue A/c” and “Discount on Debentures Alc" from Statement of
P&L each year.
Pass journal entries (for first year only).

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.