1.

On 1st April 2014, Gomti Ltd. has 6,000, 8% debentures of Rs 100 each due for redemption at 5% premium in three equal annual instalments starting from March 31, 2016. The company complied with the requirements with respect to Investment made in Government Securities on 30th April, 2015. Pass necessary journal entries and prepare ledger accounts.

Answer»

On 1st April 2014, Gomti Ltd. has 6,000, 8% debentures of Rs 100 each due for redemption at 5% premium in three equal annual instalments starting from March 31, 2016. The company complied with the requirements with respect to Investment made in Government Securities on 30th April, 2015.

Pass necessary journal entries and prepare ledger accounts.



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