Question

Avatar Ltd has 12% rs 10 lakh debenture outstanding in its books as on 1 April 2018 it also had rs 400000 balance in sinking fund account represented by 8% investment (face value rs 5 lakh) On 31 December 2018 it sold investments of face value of rs 1 lakh @rs 90 and purchase own debentures of face value of rs 1 lakh for cancellation out of proceeds of investment The interest dates for both debentures and investments are 30 September and 31st March all transactions are commutative interest Short sassy lazer account for the year ending 31st March 2019​

Answer 1

Answer:

Explanation:

Avatar Ltd has 12% rs 10 lakh debenture outstanding in its books as on 1 April 2018 it also had rs 400000 balance in sinking fund account ...