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The following balances appeared in the books of Z.Ltd. on January 01, 2004

ItemsRs.
12% Debentures1,50,000
Debentures Redemption fund1,25,000
Debentures Redemption fund investment1,25,000
(Represented by Rs.1,47,500, 3% govt.securities )1,25,000

The annual instalment added to the fund is Rs.20,575. On December 31, 2004, the bank balance after the receipt of interest on the investment was Rs.39,100. On that date, all the investments were sold at 83 per cent and the debentures were duly redeemed. Show the necessary ledger accounts for the year 2004.

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