Business, 17.01.2021 09:30 etxchrissy
A company had Rs. 10, 00,000 12% debentures outstanding as on 1st
April2015. During the year, company took a loan of Rs. 4, 00,000 from the
state bank of India for which the company placed with the bank debentures
for Rs. 5, 00,000 as collateral security. Pass Journal entries if any. Also
show how the debentures and bank loan will appear in the company’s
balance sheet.
Answers: 3
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A company had Rs. 10, 00,000 12% debentures outstanding as on 1st
April2015. During the year, compa...
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