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Scanned By Scanner Go, (1) Sale, AS 13)., n Aecount., Without subscribing)-, Derentures, Shares, ove, ILLUSTRATIONS, 3., BONDS AND DEBENTURES, 3.1, Niet April 2013, 20,000 of such debentures were purchased by Dharmesh @ 98 cum-interest., a 1st September 2013, 3 30,000 of such debentures were sold at 96 ex-interest., on 1st December 2013, 50,000 of such debentures were sold at 99 cum-interest., Interest is received on due date., Prepare investment account for 12% debentures of Shiva Ltd. in the books of Mr. Dharmesh valuing, closing stock as on 31st December 2013 applying AS-13. The debentures were quoted at ? 93 on, 31st December 2013., 000.03, (T.Y.B.Com., March 2005, adapted), (000,0 1o ) 1, loo to notsulev ctos-s TE (T), (1200) 9onslsd gnieolo, (ee x 00A) eah9 toxisM, (e) 31-15-5013, e 10 je05 .e.i 6r 8A1eq as te0o is ei noitsulsV.

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Scanned By Scanner Go, Investment Accounting (w.r.t. AS-13), 161, Illustration 2):, On 1-4-2010 Mrs. Minal had { 3,00,000, 12% Debentures at ? 94 each (face value 100). Interest, is payable half yearly on 30th June and 31st December every year., On 1-9-2010 Mrs. Minal sold 90,000 of 12% debentures at 95 cum-interest., These 12% debentures were quoted at ? 96 per debenture at the stock exchange on 31-3-2011:, Draw up 12% Debenture account in the books of Mrs. Minal for the year ended 31-3-2011., Solution :, (T.Y.B.Com., Oct. 12, adapted), In the Books of Mrs. Minal, 12% Debentures A/c, Cost

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Scanned By Scanner Go, 1-4, 30-6, asaction OD, A, rate, 1-9, 31-12, J, 31-3, Mths, A, S, CL, J, F, M, Sale on 1-9-2010, 9,000, 4., 18,000, 85,500, Cost, (1,800), 83,700, Profit / Loss on Sale, 5., Sales value, Less : Cost, Loss on Sale, 83,700, (84,600), FV, Cost, 900, 3,00,000, 2,82,000, 90,000, 84,600, 12,600, |llustration 3 :, on 1st April, 2011, Miss Prachiti had 1,000, 9% Debentures of 100 each at 108 (in K.K. Limited), held as investments., KK Ltd. pays interest on 30th June and 31st December every year. Prachiti had following transactions, during the year., 1st June, 2011 - Purchased 800, 9% Debentures at 98 ex-interest, 1st December, 2011 - Sold 900, 9% Debentures at 105 ex-interest, Prepare Investments in 9% Debentures Account for the year ending 31st March, 2012. Apply AS-13., J-2-5013 s bn.cu, 1sey nose 1mec tatE no exood airt aeeolo one aM, ene M lo axood erit ni inuocA tnemieevnl erii qu wsid, we psuK OU 3igb ug N OCIopeLLOebecnALpe buce of ue 2ocnu OU 31-15-501

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Scanned By Scanner Go, ULUU, 1,300, %% X, 12, 3,375, 7. 31-12-2011, 90,000 x 9% x, 12, %3D, 4,050, 3, 90,000 x 9% x, 12, 8. 31-3-2012, 2,025, 9., Weighted Average Cost, Date, Particulars, F.V., Cost, 1-4-11, Opening Balance, Purchases, 1,00,000 1,08,000, 80,000, 1-6-11, 78,400, 90,000, 1,80,000 1,86,400, 1,80,000, x1,86,400, 1-12-11, Sold, 90,000, 93,200, 90,000, 93,200, Illustration 4: (Opng. Accr. Int. / Cum. Pur. / Ex.Sales / Cum. Sale / 2 Int. Instal.), Mr. Ram Nene held on 1-1-2013 60,000 of 12% Government securities (Tax free) of 100 each, * 56,500., On 1-6-2013 he purchased a further of { 40,000 of the security at 97 cum-interest., On 31-7-2013 { 50,000 of the security was sold at 94 ex-interest., On 1-12-2013 20,000 of the security was again sold at ? 96 cum-interest., Interest on the security was paid each year on 31st March and 30th September and was credited by, the bank on 3rd April and 4th October respectively. The price of the security on 31-12-2013, was 96., Mr. Nene closes his books on 31st December each year., Draw up the Investment Account in the books of Mr. Nene.

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Scanned By Scanner Go, SEM-v,, Financial Accounting - VII (T.Y.B.A.F. :, 164, (9) (a) Accrued interest on closing balance, * 30,000 x 12% x 3/12 = { 900, (b) Calculation of cost of closing stock of investments, Purchases/ Sales, Nominal Value, Cost, Date, 1-1-2013, Opening Balance, 60,000, 56,500, 1-6-2013, Purchases, 40,000, 38,000, 1,00,000, 94,500, 31-7-2013, Sales, 50,000, 47,250, 50,000, 47,250, 1-12-2013, Sales, 20,000, 18,900, Cost of closing stock, 30,000, 28,350, Market value of closing stock = { 96 x 300 = { 28,800, Cost being lower than the market price, closing stock of investments is valued at cost., Illustration 5 :, During the year ended 31st March, 2013 Mr. Virag bought and sold the following 12% Debentures, 7 100 each of Limozin Ltd. Interest being payable by Limozin Ltd. on 1st April and 1st October ea, year., Date, Particulars, 1st June, 2012, Bought 300 Debentures at ? 92 ex-interest, Bought 100 Debentures at 7 94 cum-interest, Sold 200 Debentures at 95 ex-interest, Bought 150 Debentures at ? 98 cum-interest, Books are closed on 31st March every year. Market price on 31st March, 2013 was 90 per Debenture., You are required to prepare Investment in 12% Debentures in Limozin Ltd. Account for the year, 1st September, 2012, 1st December, 2012, 1st February, 2013, ended 31st March, 2013 in the books of Mr. Virag (Apply AS 13)., Solution :, (TYBAF, April 2019, T.Y.B.Com., Oct. 2010, April 2015, adapted), In the Books of Mr. Virag, Te )= bie, Investme