The following balances appeared in the books of A.Ltd. on January 01, 2004
|Debentures Redemption fund||3,60,000|
|Debentures Redemption fund investment||3,60,000|
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.