the annual instalment of transfer to the fund was rs 71 000 in march 2011 investment 617082

Model: Redemption of debentures Shree Ltd. had 9,00,000 14% debentures outstanding on 1 April 2010 redeemable on 31 March 2011. On 1 April 2010, the debentures redemption fund stood at Rs.7,49,000 represented by own debentures of the face value of Rs.1,00,000 purchased at an average price of Rs.99 per debenture and 10% stock acquired at par for Rs.6,50,000. The annual instalment of transfer to the fund was Rs.71,000. In March 2011, investments were sold for Rs.6,46,800 and the debentures were redeemed. Show 14% debentures A/c; debentures redemption fund A/c and debentures redemption fund investments A/c.

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