Investment Accounting (AS-13) Fixed Income Bearing Securities Mr. Amit furnishes the following details
Investment Accounting (AS-13)
Fixed Income Bearing Securities Mr. Amit furnishes the following details to holding in 6% Government bonds! opening balance——face value is rs. 6000 only-cost for 59000.
01-03-2017————-100 units purchased so ex-interest atRs. 98 cm 01-07-2017————-sold 200 ex interests at Rs100. 31-10-2017————-Purchased 50 units at Rs.98 cum-interest
01-11-2017————-sold 200 units cum-interest at rs 97.50
Interest dates are 30thSeptember and 31st March every year. MrAmit doses his booksevery 31st December. Show the investment account as it wouldappear in his books.