The following balances appeared in the books of Z Ltd on January 1,2004. ItemsRs.12% Debentures1,50,000Debentures Redemption Reserve Fund1,25,000Debentures Redemption Fund Investment1,25,000(Represented by Rs. 1,47,500, 3 % Govt. Securities )1,25,000 The annual installment added to the fund is Rs. 20,575. On December 31,2004, the bank balance after the receipt of interest on the investment was Rs. 39,100. On that date, all the invesment were sold at 83% and the debentures were duly redeemed. Show the necessary ledger accounts for the year 2004.

The following balances appeared in the books of Z Ltd on January 1,200

1.	The following balances appeared in the books of Z Ltd on January 1,2004. ItemsRs.12% Debentures1,50,000Debentures Redemption Reserve Fund1,25,000Debentures Redemption Fund Investment1,25,000(Represented by Rs. 1,47,500, 3 % Govt. Securities )1,25,000 The annual installment added to the fund is Rs. 20,575. On December 31,2004, the bank balance after the receipt of interest on the investment was Rs. 39,100. On that date, all the invesment were sold at 83% and the debentures were duly redeemed. Show the necessary ledger accounts for the year 2004.
Answer» The following balances appeared in the books of Z Ltd on January 1,2004. $\begin{matrix} Items & Rs. 12% Debentures & 1, 50, 000 Debentures Redemption Reserve Fund & 1, 25, 000 Debentures Redemption Fund Investment & 1, 25, 000 (Represented by Rs. 1,47,500, 3 % Govt. Securities ) & 1, 25, 000 \end{matrix}$ The annual installment added to the fund is Rs. 20,575. On December 31,2004, the bank balance after the receipt of interest on the investment was Rs. 39,100. On that date, all the invesment were sold at 83% and the debentures were duly redeemed. Show the necessary ledger accounts for the year 2004.

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