A company has Rs. 60,000 6% debentures out standing on 1.1.2001. On that date, the debenture redemption Fund Stood at Rs. 50,000 Represented by Rs. 59,000, 3% (2011) Loan on government of India. The annual installment added to debenture redemption fund is Rs. 8,230. On 31.12.2001, the balance at Bank (after interest Investment had been receive) was Rs. 15,640. On that date the investments were sold at 83% Net and debentures were paid off. Show necessary ledger account for 2001. on.

A company has Rs. 60,000 6% debentures out standing on 1.1.2001. On that date, the debenture redemption Fund Stood at Rs. 50,000 Represented by Rs. 59,000, 3% (2011) Loan on government of India. The annual installment added to debenture redemption fund is Rs. 8,230. On 31.12.2001, the balance at Bank (after interest Investment had been receive) was Rs. 15,640. On that date the investments were sold at 83% Net and debentures were paid off. Show necessary ledger account for 2001. on.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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