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© The Institute of Chartered Accountants of India
© The Institute of Chartered Accountants of India
© The Institute of Chartered Accountants of India
Working Notes:
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(i) Accrued Interest as on 1st April, 2018 = Rs. 2,00,000 x x ` 7,500
100 12
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(ii) Accrued Interest as on 1.5.2018 = Rs. 1,00,000 x x ` 5,000
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(iii) Cost of Investment for purchase on 1 st May = Rs. 1,07,000 – Rs. 5,000 = Rs. 1,02,000
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(iv) Interest received as on 30.6.2018 = Rs. 3,00,000 x x ` 22,500
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(v) Accrued Interest on debentures sold on 1.11.2018
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= Rs. 1,20,000 x x ` 6,000
100 12
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(vi) Accrued Interest = Rs. 80,000 x x ` 5,000
100 12
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