Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in...
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Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in Rajeev Itd. Date 01st December, 2019 01st March, 2020 Purchase/ Sale Purchased Sold Number of Debentures Price Brokerage 10,000 $ 101.00 10,000 $ 103.00 1% 1% b) M/S Rajeev Ltd. has issued 10% fully paid debentures of $ 100 each; Interest will be paid every half yearly on 30th September and 31st March for every year. Calculate Accordingly. All the transactions are made with the consideration that those are done "Ex-Interest". Prepare Investment a/c in the Books of Shilpa and Co. for the Investments it made in Rajeev Itd. Date 01st December, 2019 01st March, 2020 Purchase/ Sale Purchased Sold Number of Debentures Price Brokerage 10,000 $ 101.00 10,000 $ 103.00 1% 1% b) M/S Rajeev Ltd. has issued 10% fully paid debentures of $ 100 each; Interest will be paid every half yearly on 30th September and 31st March for every year. Calculate Accordingly. All the transactions are made with the consideration that those are done "Ex-Interest".
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Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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