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प्रश्न
X Ltd. had ₹ 25,00,000, 11% Debentures outstanding as on 1st April, 2024. During the year, it took a loan of ₹ 5,00,000 from Punjab National Bank for which the Company placed, with the bank, debentures for ₹ 6,00,000 as Collateral Security. Pass journal entries, if any. Also show how the Debentures and Bank Loan will appear in the Company’s Balance Sheet as at 31st March, 2025.
रोजकीर्द नोंद
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उत्तर
A. First Method:
| Journal Entries for X Ltd. | ||||
| Date | Particulars | L.F. | Debit (₹) |
Credit (₹) |
| 1. | Bank A/c ...Dr. | 5,00,000 | - | |
| To Bank Loan A/c | - | 5,00,000 | ||
| (Being loan taken from Punjab National Bank.) | ||||
| Balance Sheet as of 31st March, 2025. | |||
| Particulars | Note No. |
As at 31st March, 2025 | |
| I. | EQUITY & LIABILITIES | ||
| 1. Non-Current Liabilities | |||
| (a) Long-term Borrowings | 1 | 30,00,000 | |
Working Note:
| Particulars | Amount (₹) |
|
| 1. | Long-term Borrowings | |
| Loan from Punjab National Bank (On collateral security of Debentures of ₹6,00,000.) | 5,00,000 | |
| 11% Debentures (In addition, Debentures for ₹6,00,000 have been issued as collateral security.) | 25,00,000 | |
| 30,00,000 |
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