On 1.1.2017 Debentures in X Ltd. were held as investment by Y Ltd. to the tune of
Question:
On 1.1.2017 Debentures in X Ltd. were held as investment by Y Ltd. to the tune of ₹15,000 at the cost of ₹16,000. Interest is payable half yearly on 30th June and 31st December. On 1.5.2017 ₹6,000 Debentures were purchased at ₹5,200 ex-interest and ₹3,000 at ₹3,060 ex-interest on 1.10.2017. On 1.12.2017 ₹2,000 Debentures were sold for ₹2,030 ex-interest. Show the Investment Account in the books of Y Ltd. Accounts are closed on 31st December every year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To show the Investment Account in the books of Y Ltd we need to record all the relevant transactions ...View the full answer
Answered By
Collins Njuguna
I graduated from Maseno University with a Bachelor of Science in Applied Statistics. After graduation, I started tutoring students in mathematics. My experience in mathematics education is extensive and varied. I have taught a wide range of topics, including algebra, geometry, trigonometry, calculus, statistics, probability, and computer science. I have also worked with students of all ages and backgrounds, from elementary school to college.
My teaching method is based on the idea of hands-on learning. I believe that students learn best when they are actively engaged in the learning process, so I focus on giving students the tools they need to explore the material on their own. I also emphasize the importance of practice and review, as these are essential for mastering math concepts.
I have also developed several online and in-person courses on mathematics. My courses are designed to help students learn mathematics in an efficient and comprehensive way, and I use a variety of activities and exercises to ensure that my students are engaged and motivated.
Overall, my passion for mathematics and teaching has allowed me to be a successful tutor and educator in the field. I am confident that my experience will help your students master the mathematics they need to succeed.
0 Reviews
10+ Question Solved
Related Book For 
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
Question Posted:
