INTEREST ON SECURITIES

 

INTEREST ON SECURITIES

Ex.36. Mr.Jayashankar’s investments during the year ended 31st March,2025 consisted of the following:

a)      Rs.25, 000, 7% Government Securities.

b)      Rs.15, 000, 8% Agra Municipal Bonds

c)      Rs.10,000, 7 years Post Office National Savings Certificates

d)     Rs.10,000, 6% securities issued by a Foreign Government.

Find out income from other sources.

 

 

Rs.

Rs.

1

7% Government securities (25,000x7/100)

 

1,750

2

8% Agra Municipal Bonds ( 15,000x8/100)

 

1,200

3

Post office Deposits

 

Nil

4

6% Securities by Foreign Government

 

600

 

Total Income From Other Sources

 

3,550

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