On January 01, 2004 the following balances appeared in the books of Z. Ltd.:
| Items |
Rs. |
| 6% Debentures |
100,000 |
| Debentures Redemption Reserve fund |
80,000 |
| Debentures Redemption Reserve fund investments |
80,000 |
The investments consisted of 4% Government securities of the face value of Rs.90,000. The annual instalment was Rs.16,400. On December 31, 2004, the balance at Bank was Rs.26,000 (after receipt of interest on D.R.Reserve Fund Investment). Investments were realised at 92% and the Debentures were redeemed. The interest for the year had already been paid. Show the ledger accounts affecting redemption.
