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

Question 30 Chapter 9 of +2-A
Question No30 - Chapter No.9 - T.S. Grewal +2 Book 2019-Solution

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Question 30 Chapter 9 of +2-A

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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: – 

 

DateParticulars
L.F.DebitCredit
 Bank A/cDr 3,00,000 
 To Loan A/c   3,00,000
 (Being loan is taken again issuing of debenture )    
 Debenture Suspense A/cDr 3,00,000 
 To 8% Debenture A/c   3,00,000
 (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 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 loan4,00,000  
Less: Debenture suspense account4,00,000 
Cash and Cash Equivalent   
Cash at Bank   3,00,000

 

 

DateParticulars
L.F.DebitCredit
 Bank A/cDr  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

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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)

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)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

+2 Book 2-min

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