On 1 July 2020 a company had ksh100,000 12% Marl shire County Council Loan Stock whose cost

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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 answer-question

International Financial Reporting

ISBN: 9781292293127

7th Edition

Authors: Alan Melville

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Posted Date: Sep 21, 2023 05:26 AM

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On 1 July 2020 a company had ksh100,000 12% Marl shire County Council Loan Stock whose cost

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Initial Investment 1 July 2020 Purchase of Marl Shire Loan Stock 90000 Ksh Debit Interest Income 31 ... View the full answer

International Financial Reporting

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