Question

the necessary
The following balances appeared in the books of Z. Ltd. on April 01, 2016
Rs
1,50,000
1,25,000
1,25.000
12% Debentures
Debentures Redemption Fund
Debentures Redemption Fund Investment
(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: Loss Rs 2.575)​

Answer 1

Answer:

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