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                                    19. On 1st April 2001 ABC Itd. issued, 4,420 12% debentures of 100 each at a discount of 10% redeemable at a premium of 5% after 4 years. It was decided to institute a sinking fund forthe purpose of accumulating sufficient funds to redeem the debentures and to invest insome readily convertible securities yielding (10% interest p.a. Reference to the table that 1p.a. at 10% compound interest amounts to 4.641 in 4 years. Investments are to be made inbonds of 100 each available at par.On 31st March 2005, the investments realised 3,40,000 and debentures were redeemedThe bank balance as on that date was * 1,00,000Required: Give the necessary journal entries and prepare debenture redemption reserveA/c and the debenture redemption fund investments A/c for 4 years. [ignore interest ondebentures and writing off discount on issue of debentures] | 
                            
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Answer»  this QUESTION is very very very HARD BRO SORRY bro I can't HELP you  | 
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