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In the book of Kirti on 31.3.2015 when she closed the 12% government security was of ₹ 350000 and its capital value was ₹ 357000 

1% brokerage is paid on each purchase and sales transactions. Interest paid on 30th June and 31st December.  From the following details prepare investment account for the year ended on 31.3.2016. On 31.3.2016 the market price is 54.5% less .


DATE FACE VALUE PRICE REMARKS
1/6/2015 200000 103 Purchase 
1/7/2015 150000 104 Ex-interest purchase 
1/9/2015

 

495000 110 Sales (₹ 340000 from opening balance and ₹ 355000 from 1/6/2015

1/3/2016   195000  112     remarks - (ex-interest sales ₹ 45000 from 1/6/2015 and all from 1/7/2015)

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