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Question
Brinda Ltd. has furnished the following information:
(a) 25,000, 10% debentures of Rs. 100 each;
(b) Bank Loan of Rs. 10,00,000 repayable after 5 years;
(c) Interest on debentures is yet to be paid.
Show the above items in the balance sheet of the company as at March 31, 2017.
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Solution
Extract of Balance Sheet
as at March 31, 2017
|
Particulars |
Note No. |
Amount (Rs) |
|
I. Equity and Liabilities |
|
|
|
1. Shareholders’ Funds |
|
|
|
a Share Capital |
|
|
|
b. Reserves and Surplus |
|
|
|
2. Non-Current Liabilities |
|
|
|
1 |
35,00,000 |
|
3. Current Liabilities |
|
|
|
2 |
2,50,000 |
Notes to Accounts
|
Particulars |
Amount (Rs) |
|
|
1. Long Term Borrowings |
|
|
|
12% Debentures |
25,00,000 |
|
|
Bank Loan |
10,00,000 |
35,00,000 |
|
|
35,00,000 |
|
|
2. Other Current Liabilities |
|
|
|
Interest on Debentures |
2,50,000 |
|
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