Illustration5 Sikkandar carried out the following transactions in connection with his investment during the year ended 31st March 2004. 2004 April 15 June 1 June 15 August 25 December 15 Purchased Rs 2,00,000 12% convertible debentures in Kurukshetra Itd at Rs 125.50. Interest is payable on 15th September and 15th March. The debentures are convertible into equity shares of Rs 10 each at the rate of Rs 20 for each equity share. 2005 Jan 10 March 15 Purchased Rs 5,00,000 12% Debentures in Pandava Itd for Rs 5,50,000. Interest is due for payment on October 1st and April 1st. Converted the debentures in Kurukshethra Itd into equity shares. On thus date the market price of the shares was Rs 20. The accrued interest to date was paid. Received 20% Dividend on the equity shares in Kurukshethra Ltd. Kurukshethra ltd made a right issue of one equity share for every 20 shares held at Rs 16 per share. The market value of shares was Rs 20.00 107 Sikkandar sold the right issue for Rs 3 per share. Sold 2,000 equity shares in Kurukshetra ltd at Rs 25 per share. Record the above transactions in the ledger of Sikkandar and maintain separate account for each category of investment. Ignore tax and brokerages. The accounting year of M R. Sikkandar end s on 31st March. 2000 Au