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a) Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in Rajeev ltd. Date 01st December, 2019 01st March, 2020 Purchase/ Sale Purchased Sold Number of Debentures Price Brokerage 10,000 $ 101.00 10,000 $ 103.00 1% 1% b) M/S Rajeev Ltd. has issued 10% fully paid debentures of $ 100 each; Interest will be paid every half yearly on 30th September and 31st March for every year. Calculate Accordingly. All the transactions are made with the consideration that those are done "Ex-Interest".

a) Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in Rajeev ltd. Date 01st December, 2019 01st March, 2020 Purchase/ Sale Purchased Sold Number of Debentures Price Brokerage 10,000 $ 101.00 10,000 $ 103.00 1% 1% b) M/S Rajeev Ltd. has issued 10% fully paid debentures of $ 100 each; Interest will be paid every half yearly on 30th September and 31st March for every year. Calculate Accordingly. All the transactions are made with the consideration that those are done "Ex-Interest".

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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a) Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in Rajeev ltd. Date 01st December, 2019 01st March, 2020 Purchase / Sale Purchased Sold Number of Debentures 10,000 $ $ 10,000 Price 101.00 103.00 Brokerage 1% 1% b) M/S Rajeev Ltd. has issued 10% fully paid debentures of $ 100 each; Interest will be paid every half yearly on 30th September and 31st March for every year. Calculate Accordingly. All the transactions are made with the consideration that those are done "Ex-Interest".
Transcribed Image Text:a) Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in Rajeev ltd. Date 01st December, 2019 01st March, 2020 Purchase / Sale Purchased Sold Number of Debentures 10,000 $ $ 10,000 Price 101.00 103.00 Brokerage 1% 1% b) M/S Rajeev Ltd. has issued 10% fully paid debentures of $ 100 each; Interest will be paid every half yearly on 30th September and 31st March for every year. Calculate Accordingly. All the transactions are made with the consideration that those are done "Ex-Interest".
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