Mr. X furnishes the following details relating to his holding in 6% Government Bonds : Opening Balance

Question:

Mr. X furnishes the following details relating to his holding in 6% Government Bonds :
Opening Balance face value ₹ 60,000 -- Cost ₹ 59,000.
1.3.2016 ---- 100 units purchased ex-interest at ₹ 98.
1.7.2016 ---- Sold 200 ex-interest out of the original holding at ₹ 100.
1.10.2016 ---- Purchased 50 units at ₹ 98 cum-interest.
1.11.2016 ---- Sold 200 units ex-interest at ₹ 99 out of the original holding. Interest dates are 30th September and 31st March, Mr. X closes his books every 31st December. Show the Investment Account as it would appear in his books.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: