interest date is 31 march 2011 for own debentures as well as for investments ignore 617084

Model: Redemption by cancellation X Ltd. had 6% Rs.10,00,000 debentures outstanding in its books. On 1 April 2010 it had Rs.4,00,000 balance in sinking fund A/c exactly represented by 8% investment (nominal values) (Rs. 5,00,000). On 31 December .2010, it sold Rs.1,00,000, 9% investments at Rs.90,000 and with the amount on the same date purchased Rs.1,00,000 own debentures for immediate cancellation. On 31 March 2011, it sold Rs.50,000 8% investments for Rs.38,000 and with that amount purchased Rs.40,000 own debentures and cancelled them immediately. Interest date is 31 March 2011 for own debentures as well as for investments. Ignore tax. Annual appropriation entries for 31 March 2011 need not be passed. Prepare the necessary ledger accounts.