The following balances appeared in the books of A.Ltd. on January 01, 2004
Items |
Rs. |
12% Debentures |
4,00,000 |
Debentures Redemption fund |
3,60,000 |
Debentures Redemption fund investment |
3,60,000 |
Securities premium |
30,000 |
Bank Balance |
1,00,000 |
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.