Question - 18

The following balances were found in the books of accounts of A limited on April 1,2014:

12% debentures Rs. 4,00,000, Debentures redemption fund Rs. 3,60,000, Debentures redemption fund investment Rs. 3,60,000, secuiriites premium Rs. 30,000, Bank Balance Rs. 1,00,000

On April 01,2014 the company redeemed all the debentures at 105 per cent of funds raised by selling all the investments at Rs. 3,48,000 prepare the necessary ledger accounts.

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