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Question 29 Chapter 9 of +2-A
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Table of Contents
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 ) | |||||
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| 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 ) | |||||
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| 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
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