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)