The following balances appeared in the books of A Ltd. On January 1, 2011 Items(Rs)12% Debentures4,00,000Debentures Redemption Fund3,60,000Debentures Redemption Fund Investment3,60,000Securities Premium30,000Bank Balance1,00,000 On January 1, 2011, the company redeemed all the debentures at 105% out of funds raised by selling all the investments at Rs. 3,48,000. Prepare the necessary ledger accounts.

The following balances appeared in the books of A Ltd. On January 1, 2

1.	The following balances appeared in the books of A Ltd. On January 1, 2011 Items(Rs)12% Debentures4,00,000Debentures Redemption Fund3,60,000Debentures Redemption Fund Investment3,60,000Securities Premium30,000Bank Balance1,00,000 On January 1, 2011, the company redeemed all the debentures at 105% out of funds raised by selling all the investments at Rs. 3,48,000. Prepare the necessary ledger accounts.
Answer» The following balances appeared in the books of A Ltd. On January 1, 2011 $\begin{matrix} Items & (Rs) 12% Debentures & 4, 00, 000 Debentures Redemption Fund & 3, 60, 000 Debentures Redemption Fund Investment & 3, 60, 000 Securities Premium & 30, 000 Bank Balance & 1, 00, 000 \end{matrix}$ On January 1, 2011, the company redeemed all the debentures at 105% out of funds raised by selling all the investments at Rs. 3,48,000. Prepare the necessary ledger accounts.