Question 1: On 1st June 1995 Mr. Yadav purchased 200 debentures of Rs. 100 each @ Rs. 9 cu!

" interest fro! #ra$ash. %nterest at the rate of 15& per annu! is pa'ab(e on )1 st March and )0th *epte!ber ever' 'ear. +ind out the a!ount of interest inc(uded in the price and record there transactions in the ,ourna( of Mr. Yadav -ho c(oses his accountin. boo$s on )1st /ece!ber of ever' 'ear. Question 2: On 1st +ebruar' 2000 Rani purchased fro! Mani 10001 9& /ebentures in *u'o. 2td. of Rs. 100 each @ Rs. 93 cu!"interest. 4ro$era.e of 5 & is paid both the parties on sa(e and purchase. %nterest is pa'ab(e on )0th June and )1st /ece!ber ever' 'ear. 4oth the parties are c(osed their boo$s on )0th June ever' 'ear. #ass the necessar' ,ourna( entries in the boo$s of both the parties. Question ): On 1st Ma' 2003 Moni$a purchased )0001 12& debentures of Rs. 100 each in *hree co. (td. @ Rs. 93 cu!"interest fro! Mi(ind. %nterest on debentures is pa'ab(e on )1 st March and )0th *epte!ber ever' 'ear. Moni$a c(oses her boo$s of accounts on )1 st /ece!ber ever' 'ear. #repare debentures accounts in the (ed.er of Moni$a for the 'ear endin. )1 st /ece!ber 2003. Question 0: On )1st Ma' 20031 Ja'ant 6raders purchased 1001 3& debentures of Rs. 100 each @ Rs. 100 e7"interest. 87penses on sta!p etc. -ere Rs. )5. 4an$ co!!ission @ 192 & had to be paid. %nterest is pa'ab(e on )0 th June and )1st /ece!ber. Ja'ant traders c(oses its accounts on )0th June ever' 'ear. Record these transactions in the ,ourna( of Ja'ant 6raders. Question 5: On 1st Ma' 2005 Mr. Madan purchased 2001 12& /ebentures of Rs. 1009" each @ Rs. 959"e7 interest. %nterest is pa'ab(e on )0th June and )1st /ece!ber ever' 'ear. :a(cu(ate the %nterest there on and .ive ,ourna( entries in the boo$s of Madan. Madan c(oses his account on )0th June ever' 'ear. Question 3: On 1st ;pri( 2005 #rashant %nvest!ents he(d 0001 1 & /ebentures in Medha :o. 2td. of Rs. 100 each. 6hese debentures -ere purchased for Rs. 30000. %nterest on debentures is pa'ab(e on )1st March and )0th *epte!ber ever' 'ear. /urin. the financia( 'ear 2005" 2003 fo((o-in. transaction -ere !ade b' #rashant. 1. On 1st Ju('1 2005 he purchased 2000 sa!e debentures at Rs. 1009" each e7" interest. 2. On 1st <ov. 2005 he so(d 5000 of the above debentures for Rs. 0 2500 on e7" interest. ). On )1st /ec. 2005 he so(d 0000 /ebentures at Rs. 105 each on cu!"interest. Mar$et price of the debentures on )1st March 2003 -as Rs. 110 cu!"interest.

#repare %nvest!ent ;ccounts for the 'ear endin. )1st March 2003. /ebentures are so(d on +%+O basis. Question =: Mr. /hira, furnishes the fo((o-in. detai(s re(atin. to his ho(din.s in 3& >ovt. 4onds. 1"1"2005 " Openin. ba(ances face va(ue Rs. 300001 cost Rs. 59000 1")"2005 " 100 units purchased e7"interest at Rs. 9 . 1"="2005 " *o(d 200 e7"interest out of the ori.ina( ho(din. at Rs. 100 1"10"2005 " #urchased 50 units at Rs. 9 cu!"interest. 1"11"2005 " *o(d 200 units e7"interest at Rs. 99 out of the ori.ina( ho(din.s th %nterest dates are )0 *epte!ber and )1st March. Mr. /hira, c(oses his boo$s ever' 'ear )1st /ece!ber. *ho- the %nvest!ent accounts as it -ou(d appear in his boo$s. Question : #u$hra, %nvest!ents 2td. sub!its the fo((o-in. detai(s re.ardin. its invest!ents for the 'ear2002. Openin. ba(ance ?on 1"1"2002@ at cost Rs. 19300 -hi(e face va(ue -as Rs. 20000. #urchases: 1. *ecurities purchased on 1st March 2002 -orth Rs. 15000 cu!"interest at 5& discount. 2. *ecurities purchased on 1st /ec. 2002 -orth Rs. 3000 e7"interest at 1& discount. *a(es: 1. *ecurities so(d on 1st Ju(' 2002 -orth Rs. 12500 cu!"interest at 2& pre!iu!. 2. *ecurities so(d on 1st <ov. 2002 -orth Rs. 10000 e7"interest at par. %nvest!ents carr' interest at 3& per annu!. #a'ab(e on )1 st March and )0th *epte!ber ever' 'ear 6he invest!ents on )1st /ece!ber 2002 -ere Auoted in !ar$et at )& pre!iu!. #repare 3& %nvest!ents ;ccounts in the boo$s of #u$hra, %nvest!ents 2td. for the 'ear ended )1st /ece!ber 2002. Question 9: 6ata +inance 2td. he(d on 1st ;pri( 2000 Rs. 11001000 of 12& unit trust of %ndia ?2002@ at Rs. 95000. 6hree !onths interest had accrued as interest -as receivab(e ha(f 'ear(' on )0th June and )1st /ece!ber. ;(( cheAues for ha(f 'ear(' interest had had been sent b' B6% in advance and hence ban$ cou(d credit the finance co!pan'Cs account on the date of interest the!se(ves. On )1st ;u.ust 20001 the co!pan' purchased a further Rs. 001000 of the units at Rs. 93 ?<et@ cu!"interest. On )1st October 2000 Rs. )01000 of the units -ere so(d at Rs. 90?<et@ e7"interest. On 2 th +ebruar' 2001 Rs. 201000 of the units -ere so(d at Rs. 93?<et@ cu!" interest. On )1st March 2001 the !ar$et price of the units -as Rs. 93. 6he face va(ue of each unit -as Rs. 100. #repare the 12& units account for the 'ear ended )1 st March 2001. Bnits -ere so(d of +%+O basis. Question 10:

On 1st *epte!ber 2000 Mr. ;ni( so(d 201000 shares in Re(iance :o. 2td. of Rs. 10 each @ Rs. 05 per share cu!"dividend to Mr. ;,a'. 6he Re(iance co. 2td. has dec(ared a dividend @ 20& pa'ab(e on 15th *ep. 2000. 2ater on Mr. ;,a' received the dividend on these shares. >ive Journa( entries in the boo$s of Mr. ;,a'. Question 11: On 10th October 2000 Mr. *adh-ani purchased 201000 eAuit' shares of Rs. 10 9" each in <a.pur e(ectric supp(' 2td. @ Rs. 1 .20 9" cu!"dividends. One ha(f of these ho(din.s -ere so(d off at Rs. 1 .50 on 15 th /ece!ber 2000. ; dividend of Rs. 0.=0 per share -as paid on these shares on 11th October 2000. #repare share account in the boo$s of Mr. *adh-ani assu!in. that the accountin. boo$s are c(osed on )1st March ever' 'ear. Question 12: Mr. #radhan so(d 11500 shares of O.:.M 2td. of the Rs. 10 each @ Rs. 50 per share1 e7" dividend to Mr. >upta. 6he :o!pan' has a(read' dec(ared dividend @ Rs. ) per share. 2ater on Mr. #radhan received the dividend on these shares. #ass ,ourna( entries in the boo$s of Mr. #radhan. Question 1): Mr. Man.esh so(d 10000 8Auit' shares of Rs. 10 each of 2u!ba :o. 2td. to Mr. *udesh @ Rs. 509" each e7"dividend. 4ro$era.e of 5 & is paid b' Man.esh on sa(e. 4efore procedure of se((in. too$s p(ace 2u!ba :o. 2td. dec(ared dividend @ Rs. ) per share. 2ater on this dividend is received b' Mr. Man.esh. #ass necessar' ,ourna( entries in the boo$s of Mr. Man.esh. Question 10: On 1"1"2000 # 2td had 100000 eAuit' shares of Rs. 109" each in M 2td. purchased for Rs. 1250000. 6he :o. un(i$e invest!ent co!panies does not !a$e an' apportion!ent of dividends in bet-een capita( and revenue. On 15"5"2000 the M 2td. !ade a bonus issue of 1 fu((' paid share for ever' 2 shares he(d on 15"5"2000. %n addition on the sa!e da' Ri.hts shares -ere issued at ) for 5 ho(din. on that date at a pre!iu! of Rs. )1 Rs. = to be paid on app(ication and the ba(ance in one ca(( after a !onth. 6hese shares are not to ran$ for dividend for the 'ear endin. on )0 th June 2000. 201000 Ri.hts shares -ere ta$en up b' # 2td. 4a(ance of the ri.ht bein. so(d at Rs. 2 each on 25"5"2000. On 15"10"2000 the co!pan' dec(ared a dividend of 20& for the 'ear endin. on )0th June 2000. #repare the invest!ent account in the boo$s of # 2td. 4oo$s of # 2td. c(osed on )1st /ece!ber ever' 'ear. Question 15: 8ssar :o. 2td. invited the pub(ic to subscribe the fo((o-in.. i@ 201000 eAuit' shares of Rs. 100 each at a pre!iu! of 5& and ii@ Rs. 51001000 in 10& /ebentures of Rs. 100 each @ Rs. 93.

30&of the shares and the -ho(e issue of debentures -ere under-ritten b' M9s. 4ad,ate D :o. 2td. for the !a7i!u! co!!ission a((o-ab(e under the (a-. 6he app(ications fro! the pub(ic tota(ed 121000 shares and 01000 debentures. 6he under-riters fu(fi((ed their ob(i.ations. *ho- the ,ourna( entries that -ou(d appear in the boo$s of the co!pan'. Question 13: Rachana :o. 2td. incorporated on 1st Januar' 2001 and issued a prospectus invitin. app(ications for 51001000 eAuit' shares of Rs. 10 each at a pre!iu! of 10&. 6he -ho(e issue -as fu((' under-ritten b' Eapi(1 *uresh1 /in$ar and Mano, as fo((o-s: <a!e <u!ber of *hares Eapi( 21001000 *uresh 11501000 /in$ar 11001000 Mano, 501000 ;pp(ications are received for 01501000 shares of -hich !ar$et app(ications -ere as fo((o-s: <a!e <u!ber of *hares Eapi( 21201000 *uresh 901000 /in$ar 11101000 Mano, 101000 %t -as a.reed that under-ritten to be paid co!!ission at 2.5& on the issue price. You are reAuired to find out the individua( 2iabi(it' and co!!ission pa'ab(e to under-riters. Question 1=: #arshura! 2td. issued for subscription 2000 eAuit' shares of Rs. 100 each at a pre!iu! of Rs. 20. 6he issue -as under-ritten as fo((o-s: <a!e of under-riter <o. of shares +ir! under-ritin. Eu!ar 1200 200 Eapi( 300 100 Eai(ash 200 50 #ub(ic app(ied for 1 00 shares. +o((o-in. -ere !ar$ed app(ications. <a!e <o. of shares Eu!ar 500 Eapi( )50 Eai(ash 150 :a(cu(ate the 2iabi(it' of each under-riter.