Sarthaks Test
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The following balances appeared in the books of A.Ltd. on January 01, 2004

ItemsRs.
12% Debentures4,00,000
Debentures Redemption fund3,60,000
Debentures Redemption fund investment3,60,000
Securities premium30,000
Bank Balance1,00,000

On January 01, 2004, the company redeemed all the debentures at 105 per cent out of funds raised by selling all the investments at Rs.3,48,000. Prepare the necessary ledger accounts.

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Loss-12000rs. ?????

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