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Question 31 Chapter 9 of +2-Part-1 – USHA Publication 12 Class Part – 1

Question 31 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1
Question 31 Chapter 9 of +2-Part-1 - USHA Publication 12 Class Part - 1

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Question 31 Chapter 9 of +2-Part-1

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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 PeriodFigures relating to previous reporting Period
IEquity & 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 
IIAssets   
 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

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You can also Check out the solved question of other Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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