Question

The following balances appeared in the books of Z.Ltd. on April 01, 2016 Rs 12% Debentures 1,50,000 Debentures Redemption Fund 1,25,000 Debentures Redemption Fund Investment 1,25,000 (Represented by Rs 1,47,500, 3% Govt. Securities) 1,25,000 The annual instalment added to the fund is Rs 20,575. On March 31, 2017, the bank balance after the receipt of interest on the investment was Rs 39,100. On that date, all the investments were sold at 83 per cent and the debentures were duly redeemed. Show the necessary ledger accounts for the year 2016-17.

Answer 1

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Debenture The word 'Debenture' has been derived from a Latin word 'debere' which means to borrow.☺️❤️

Answer 2

Debenture The word 'Debenture' has been derived from a Latin word 'debere' which means to borrow.☺️❤️

#BrainlyCelb ✔️

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