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

Free Accounting book Solution - Class 11 and Class 12

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

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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