Question 30 Chapter 9 of +2-A – T.S. Grewal 12 Class

Question 30 Chapter 9 of +2-A

Question 30 Chapter 9 of +2-A

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 )        

 

 

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

 


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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)

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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