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Question 31 Chapter 9 of +2-Part-1
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Table of Contents
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 |
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It all about Question 31 Chapter 9 of +2-Part-1, If you have any problem please comment below.
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Issue of Debentures from the point of view of Redemption
You can also Check out the solved question of other Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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