₹
15,00,000
11. The Balance Sheet of Seema Ltd. disclosed the following information on 1.1.2018 :
15% Debentures rs 1500000,
Debenture Redemption Fund rs 11,60,000 ,
15% Debenture Redemption Fund Investment 11,60,000
The annual contribution to the debenture redemption fund was * 1,30,000 for the year 2018
and 2019. The debentures were redeemable on 31st December, 2019. On 31st December, 2019
the investments were sold for 13,80,000 and the debentures were redeemed.
Prepare Debentures Account, Debenture Redemption Fund Account and Debenture Redemption
Fund Investment Account for the year 2018 and 2019.
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