5:30 PM←+91 94972 95529Today, 2:25 pm*lll88ILLUSTRATIONDuring the year ended 31st December 2011, Ivory Investments Ltd.purchased and sold investments as per details below:31st March-Purchased 10,000, 5 per cent Debentures of 100 each of Asbestos Ltd. at 97,brokerage and stamp duty amounting to 25,600. Interest is payable on the debentures on 1st Julyand 1st January.1st May-Purchased 10,000, 6 per cent Cumulative Preference Shares of 100 each of AndhraCements Ltd. at 95, brokerage and stamp duty being 24,200. Dividends are payable on 30thJune and 31st December.1st July-Sold * 6,00,000 Debentures of Asbestos Ltd. at 99 per hundred, less brokerage, etc.3,600.1st October-Purchased a further 4,000, 6 per cent, Cumulative Preference Shares of 100 ofAndhra Cements Ltd. at 90, brokerage and stamp duty being 8,600.Write up the Ledger Accounts of the two investments for the year 2011.JReply

To prepare the ledger accounts for the investments of Ivory Investments Ltd. during the year ending…

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Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter6: Investing And Financing Activities

Section: Chapter Questions

Problem 4.6C

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