a ) Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in RajeevItd.Purchase /Number ofDatePriceBrokerageSaleDebentures01st December, 201901st March, 2020101.00103.00Purchased10,000$$1%Sold10,0001%b) M/S Rajeev Ltd. has issued 10% fully paid debentures of $ 100 each; Interest will be paid everyhalf yearly on 30th September and 31st March for every year. Calculate Accordingly. All thetransactions are made with the consideration that those are done "Ex-Interest".

Working Note :- Particulars Amount $ Amount $ Debentures purchased on…

Answered: a) Prepare Investment a/c in the Books…

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a) Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in Rajeev

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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Question

a ) Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in Rajeev
Itd.
Purchase /
Number of
Date
Price
Brokerage
Sale
Debentures
01st December, 2019
01st March, 2020
101.00
103.00
Purchased
10,000
$
$
1%
Sold
10,000
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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