A company took a loan of Rs. 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of Rs. 4,00,000 as a collateral security. Post category:Accountancy Reading time:1 mins read Solution Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostBest Barcode Ltd. took a loan of Rs. 5,00,000 from a bank giving Rs. 6,00,000; 9% Debentures as collateral security. Pass journal entries regarding issue of debentures, if any, and show this loan in the Balance Sheet of the company. Next PostX Ltd. took a loan of Rs. 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of Rs. 100 each as a collateral security for the same. Show how these items will be presented in the Balance Sheet of the company. You Might Also Like Opening Inventory Rs. 80,000; Purchases Rs. 4,30,900; Direct Expenses Rs. 4,000; Closing Inventory Rs. 1,60,000; Administrative Expenses Rs. 21,100; Selling and Distribution Expenses Rs. 40,000; Revenue from Operations, i.e., Net Sales Rs. 10,00,000. Calculate Inventory Turnover Ratio; Gross Profit Ratio; and Opening Ratio. August 17, 2022 Reema and Seema are partners. sharing profits equally. The Partnership Deed provides that both Reema and Seema will get monthly salary of Rs. 15,000 each, Interest on Capital will be allowed @ 5% p.a. and Interest on Drawings will be charged @ 10% p.a. Their capitals were Rs. 5,00,000 each and drawings during the year were Rs. 60,000 each. The firm incurred a loss of Rs. 1,00,000 during the year ended 31st March, 2018. Prepare Profit and Loss Appropriation Account for the year ended 31st March, 2018. July 20, 2022 Give two circumstances under which a partnership firm is dissolved. September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.