On 1 July 2020 a company had ksh100,000 12% Marl shire County Council Loan Stock whose cost
Fantastic news! We've Found the answer you've been seeking!
Question:
On 1 July 2020 a company had ksh100,000 12% Marl shire County Council Loan Stock whose cost was ksh90,000. The company sold the entire stock on 1 Dec. 2020 at 91 ex-interest. Interest is paid on 30 June and 31 December.
Required: Show the investment account in the company's books for the year ended 30 June 2021.
Related Book For
Posted Date: