Explain with an imaginary example how issue of debentures as collateral security is shown in the Balance Sheet of a company when it is recorded in the

Question

Explain with an imaginary example how issue of debentures as collateral security is shown in the Balance Sheet of a company when it is recorded in the

Explain with an imaginary example how issue of debentures as collateral security is shown in the Balance Sheet of a company when it is recorded in the Books of Account.

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

Example: X Ltd. secured a loan of Rs. 8,00,000 from the Bank of Baroda by issuing 10,000, 9% Debentures of Rs. 100 each as collateral security.
For Presentation in Balance Sheet: Refer to Answer of Previous Question - Second Method (When Journal Entry is passed).

7 views Answered 2023-02-05 15:29