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

Question 29 Chapter 9 of +2-A
Question No29 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 29 Chapter 9 of +2-A

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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: – 

 

DateParticulars
L.F.DebitCredit
 Bank A/cDr 4,00,000 
 To Loan A/c   4,00,000
 (Being loan is taken again issuing of debenture )    
 Debenture Suspense A/cDr 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

 

 

DateParticulars
L.F.DebitCredit
 Bank A/cDr 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)

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

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

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