Question 45 Chapter 1 of +2-B – T.S. Grewal 12 Class

Question 45 Chapter 1 of +2-B

Question 45 Chapter 1 of +2-B

Finance Costs

45. From the following Information, Prepare notes to account on Finance Costs: Interest paid to Bank Rs. 75,000; Interest on Debentures Rs.58,000; Loss on the issue of Debentures Written off Rs. 27,500; and Commitment Charges Rs. 15,000

 The solution of Question 45 Chapter 1 of +2-B: – 

Particulars

Details

Amount
Interest paid to the bank 75,000  
Interest on Debentures  58,000  
Loss on Issue of Debentures written off   27,500  
Commitment charges  15,000  
Finance Cost    1,75,500

To understand more about Balance Sheet please check out following links:

Balance Sheet: Meaning, Format & Examples

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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 3 min 225x300 - Question 45 Chapter 1 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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