on 1 jan 2012 ajantha ltd. issued 2000, 9% debentures of ₹100 each repayable at the end of 4 years at a premium of 5%. It has been decided to institute a sinking fund for the purpose. The investments being replaced to loan 4% net, sinking fund table shows that ₹0.234590 annually amounts to ₹1 at 4% in four years on 31/12/2015 The balance at bank ₹75000(before receiving interest and investment realised ₹165000, the debentures were paid off)
prepare: a) sinking fund account
b) sinking fund investment account
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