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Question
Amrit Ltd. had outstanding 10,000, 7% Debentures of ₹ 100 each as on 31st March, 2025. Out of these, 1,000 debentures are due for redemption on 31st October, 2025. ₹ 1,00,000 will be shown in the Balance Sheet as at 31st March, 2025 as
Options
Current Maturities of Long-term Debts under Other Current Liabilities.
Current Maturities of Long-term Debts under Short-term Borrowings.
Current Maturities of Long-term Debts under Long-term Borrowings.
Current Maturities of Long-term Debts under Other Long-term Liabilities.
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Solution
Current Maturities of Long-term Debts under Short-term Borrowings.
Explanation:
1,000 debentures of ₹ 100 each amount to ₹ 1,00,000 and are due for redemption within the next 12 months. Therefore, they are shown as Current Maturities of Long-term Debts under Short-term Borrowings.
