Question 31 Chapter 9 of +2-Part-1
31. (Debentures Issued as Collateral Security/Balance Sheet) A company took a loan of ₹ 5,00,000 from bank @ 10% p.a. It issued 10 % 3,000 Debentures of Rs. 100 each as Show the relevant items in balance sheet when entry is passed for debentures.
The solution of Question 31 Chapter 9 of +2 Part-1: –
Balance Sheet – Schedule III (Part 1) | ||||
Particulars |
Note No. | Figures relating to current reporting Period | Figures relating to previous reporting Period | |
I | Equity & Liability | |||
Shareholders Fund | ||||
Reserve & Surplus | ||||
Non current Liabilities | ||||
300 10% debentures of ₹ 100 each issued as collateral Secruity to bank | 3,00,000 | |||
Bank Loan (Secured against debentures worth Rs. 3,00,000 as collateral; Secruity) | 5,00,000 | |||
Total | 8,00,000 | |||
II | Assets | |||
Non Current Assets | ||||
Debentures Suspense A/c | 3,00,000 | |||
Current Assets | ||||
Cash & Cash equivalent | ||||
Cash at bank | 5,00,000 | |||
Total | 8,00,000 |
It all about Question 31 Chapter 9 of +2-Part-1, If you have any problem please comment below.
Issue of Debentures from the point of view of Redemption
End of Solution
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Accounting Ratios
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Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
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1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication
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