Question 30 Chapter 9 of +2-A
Table of Contents
30. Ltd. took a loan of Rs 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of Rs 100 each as collateral security for the same. Show how these items will be presented in the Balance Sheet of the company..
The solution of Question 30 Chapter 9 of +2-A: –
| Date | Particulars |
L.F. | Debit | Credit | |
| Bank A/c | Dr | 3,00,000 | |||
| To Loan A/c | 3,00,000 | ||||
| (Being loan is taken again issuing of debenture ) | |||||
| Debenture Suspense A/c | Dr | 3,00,000 | |||
| To 8% Debenture A/c | 3,00,000 | ||||
| (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 | 3,00,000 | |
| 4. Current Liabilities | ||
| Total | 3,00,000 | |
| II. Assets | ||
| 1.Non-Current Assets | ||
| (a) Fixed Assets | ||
| Tangible Assets | ||
| 2. Current Assets | ||
| (d) Cash and Cash equivalents | 3,00,000 | |
| Total | 3,00,000 |
| Particulars |
Details |
Amount | |
| Long term Borrowings | |||
| Loan | |||
| Secured by the issue of Debentures | 3,00,000 | ||
| Loan( secured by issue of 9% Debenture of Rs 6,00,000 as collateral security ) 9% Debenture |
|||
| Issued as collateral security to bank against the loan | 4,00,000 | ||
| Less: Debenture suspense account | 4,00,000 | – | |
| Cash and Cash Equivalent | |||
| Cash at Bank | 3,00,000 | ||
| Date | Particulars |
L.F. | Debit | Credit | |
| Bank A/c | Dr | 3,00,000 | |||
| To Loan from Bandhan Bank Ltd A/c | 3,00,000 | ||||
| (Being loan is taken from a bank secured by issuing debenture as collateral security ) | |||||
Advertisement-X
| Particulars |
Details |
Amount |
| I. Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| 2. Share Application Money Pending Allotment | ||
| 3. Non-Current Liabilities | ||
| (a) Long term borrowings | 3,00,000 | |
| 4. Current Liabilities | ||
| Total | 3,00,000 | |
| II. Assets | ||
| 1.Non-Current Assets | ||
| (a) Fixed Assets | ||
| Tangible Assets | ||
| 2. Current Assets | ||
| (d) Cash and Cash equivalents | 3,00,000 | |
| Total | 3,00,000 |
| Particulars |
Details |
Amount | |
| Long term Borrowings | |||
| Loan | |||
| Secured by the issue of Debentures | 3,00,000 | ||
| Cash and Cash Equivalent | |||
| Cash at Bank | 3,00,000 | ||
Please Like and share with your friends
Comment if you have any question.
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
