HM Ltd bought ( 10,000) nominal of Peatshire 6 per cent loan stock at (92 mathrm{cum}) div

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HM Ltd bought \(£ 10,000\) nominal of Peatshire 6 per cent loan stock at \(92 \mathrm{cum}\) div on 30 April 19 X8. Interest on the stock is paid half-yearly on 30 June and 31 December. \(£ 4,000\) of the stock was sold at 94 ex div on 30 November 19 X8. HM Ltd prepares final accounts annually to 31 March.

Prepare the investment account in the company's ledger from the date of the purchase to 1 April 19X9. You should ignore brokerage, stamp duty and taxation and make apportionments in months.

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ISE Business Accounting

ISBN: 9780273638407

8th Edition

Authors: Frank Wood, Alan Sangster

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