The following balances appeared in the books of Z.Ltd. on January 01, 2004
|Debentures Redemption fund||1,25,000|
|Debentures Redemption fund investment||1,25,000|
|(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.