Question 29 Chapter 9 of +2-A - T.S. Grewal 12 Class

Question 29 Chapter 9 of +2-A

29. A company took a loan of 􀀀 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of 􀀀 4,00,000 as a collateral sec.

The solution of Question 29 Chapter 9 of +2-A: - 

 

Date	Particulars		L.F.	Debit	Credit
	Bank A/c	Dr		4,00,000
	To Loan A/c				4,00,000
	(Being loan is taken again issuing of debenture )
	Debenture Suspense A/c	Dr		4,00,000
	To 8% Debenture A/c				4,00,000
	(Being Debenture issued as collateral security )

 

 

Particulars	Details	Amount
I. Equity and Liabilities
1. Shareholders’ Funds
2. Share Application Money Pending Allotment
3. Non-Current Liabilities
(a) Long term borrowings		4,00,000
4. Current Liabilities
Total		4,00,000
II. Assets
1.Non-Current Assets
(a) Fixed Assets
Tangible Assets
2. Current Assets
(d) Cash and Cash equivalents		4,00,000
Total		4,00,000

 

 

Particulars	Details	Amount
Long term Borrowings
Loan
Secured by the issue of Debentures		4,00,000
Cash and Cash Equivalent
Cash at Bank		4,00,000

 

 

Date	Particulars		L.F.	Debit	Credit
	Bank A/c	Dr		4,00,000
	To Loan from Bandhan Bank Ltd A/c				4,00,000
	(Being loan is taken from a bank secured by issuing debenture as collateral security )

 

 

Particulars	Details	Amount
I. Equity and Liabilities
1. Shareholders’ Funds
2. Share Application Money Pending Allotment
3. Non-Current Liabilities
(a) Long term borrowings		4,00,000
4. Current Liabilities
Total		4,00,000
II. Assets
1.Non-Current Assets
(a) Fixed Assets
Tangible Assets
2. Current Assets
(d) Cash and Cash equivalents		4,00,000
Total		4,00,000

 

Particulars		Details	Amount
Long term Borrowings
Loan
Secured by the issue of Debentures			4,00,000
Cash and Cash Equivalent
Cash at Bank			4,00,000

 

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Also, Check out the solved question of previous Chapters: -

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

• Chapter No. 1 - Financial Statement of Not-For-Profit Organisations
• Chapter No. 2 - Accounting for Partnership Firms - Fundamentals
• Chapter No. 3 - Goodwill: Nature and Valuation
• Chapter No. 4 - Change in Profit-Sharing Ratio Among the Existing Partners
• Chapter No. 5 - Admission of a Partner
• Chapter No. 6 - Retirement/Death of a Partner
• Chapter No. 7 - Dissolution of a Partnership Firm

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 8 - Company Accounts -  Accounting for Share Capital
• Chapter No. 9 - Company Accounts - Issue of Debentures
• Chapter No. 10 - Redemption of Debentures

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

• Chapter No. 1 - Financial Statements of a Company
• Chapter No. 2 - Financial Statement Analysis 
• Chapter No. 3 - Tools of Financial Statement Analysis - Comparative Statements and Common- Size Statements
• Chapter No. 4 - Accounting Ratios
• Chapter No. 5 - Cash Flow Statement

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication