Question - 17

On April 01,2013 the following balance appeared the books of Z Ltd.

6% debentures Rs. 1,00,000, Debenture redemption reserve fund Rs. 80,000,DR reserve fund investments Rs. 80,000, The investments nonaided if the government secuities of the face value of Rs. 90,000.

The annual instalment was Rs. 16,400 on March 31,2014 the balance of Bank was Rs. 26,000 latter receipt of interest on DR reserve fund investment. Investment were realised at 92% and the debenture were redeemed the interest for the year had already been paid.

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