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Question 31 Chapter 9 of +2-Part-1
31. (Debentures Issued as Collateral Security/Balance Sheet) A company took a loan of ₹ 5,00,000 from bank @ 10% p.a. It issued 10 % 3,000 Debentures of Rs. 100 each as Show the relevant items in balance sheet when entry is passed for debentures.
Balance Sheet - Schedule III (Part 1)
| Particulars |
Note No. | Figures relating to current reporting Period | Figures relating to previous reporting Period | |
|---|---|---|---|---|
| I | Equity & Liability | |||
| Shareholders Fund | ||||
| Reserve & Surplus | ||||
| Non current Liabilities | ||||
| 300 10% debentures of ₹ 100 each issued as collateral Secruity to bank | 3,00,000 | |||
| Bank Loan (Secured against debentures worth Rs. 3,00,000 as collateral; Secruity) | 5,00,000 | |||
| Total | 8,00,000 | |||
| II | Assets | |||
| Non Current Assets | ||||
| Debentures Suspense A/c | 3,00,000 | |||
| Current Assets | ||||
| Cash & Cash equivalent | ||||
| Cash at bank | 5,00,000 | |||
| Total | 8,00,000 | |||
It all about Question 31 Chapter 9 of +2-Part-1, If you have any problem please comment below.
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 31 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter No. 9 - Company Accounts (Issue of Debentures).
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 31 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1" instantly.
