Business
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.

answer
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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