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The nominal and book values of debenture redemption fund investments account are respectively? 1,00,000 and ? 96,000. The company sold investments of the nominal value of? 30,000 at a price which was just sufficient to redeem debentures of? 30,000 at 10% premium, the profit on a sale of investment is 

(a) Rs. 4,200 (b)Rs. 3,000 (c) Nil

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(a) Rs. 4,200 

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