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Question 32 Chapter 9 of Class 12 Part – 2 – 2024
32. (Debentures Issued as Collateral Security/Balance Sheet) Agra Shoe company issued 9,000 12% debentures of ₹ 100 each at a 10% premium to the public and 4,000 10% debentures of ₹100 each as security against a bank loan of ₹ 2,50,000. Prepare a Balance Sheet showing both types of debentures.
We are providing a solution of Question 32 Chapter 9 of Class 12 Part – 2 Usha Publication in two formats. one is in Video format and another is in article format. Check out both formats as follows:
The video consists solution of question numbers from 30 to 32 Chapter no. 9 class 12 of Usha publication. To check the direct solution of question no. 32 from the following video by using time stamps of the video.
a) If entries were passed on debentures were issued as collateral Security
Balance Sheet
| Particulars | ₹ |
Particulars | ₹ |
|---|---|---|---|
| Reverse & Surplus | Cash at Bank | 12,40,000 | |
| Security premium | 90,000 | ||
| Secured Loans | |||
| 12% Debentures | 9,00,000 | ||
| (9,000 debentures of Rs. 100 each issued for cash) | |||
| (4,000 debentures of Rs. 100 each given as collateral Security) | |||
| Bank Loans | 2,50,000 | ||
| (4,000 debentures of Rs. 100 each given as collateral Security) | |||
| 12,40,000 | 12,40,000 |
b) If entries were passed on debentures being issued as collateral Security
Balance Sheet
| Particulars | ₹ |
Particulars | ₹ |
|---|---|---|---|
| Reverse & Surplus | Cash at Bank | 12,40,000 | |
| Security premium | 90,000 | Debentures Suspense A/c | 4,00,000 |
| Secured Loans | |||
| 12% Debentures | 13,00,000 | ||
| (13,000 debentures of Rs. 100 each issued for cash) | |||
| (4,000 debentures of Rs. 100 each given as collateral Security) | |||
| Bank Loans | 2,50,000 | ||
| (4,000 debentures of Rs. 100 each given as collateral Security) | |||
| 16,40,000 | 16,40,000 |
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.
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