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प्रश्न
On 1st April, 2017, Solar Power Ltd. issued 10,000, 8% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 15% at the end of five years. All the debentures were subscribed and allotment was made. The company had balance in Securities Premium Reserve of ₹ 80,000.
Prepare the Balance Sheet (extract) as at 31st March, 2018.
उत्तर
In the books of Solar Power Ltd.
An Extract of Balance Sheet
As at 31st March, 2018
|
Particulars |
Note |
Amount |
| I. EQUITIES AND LIABILITIES |
|
|
| 1. Shareholders’ Funds |
|
|
| Reserves and Surplus |
3 |
(1,20,000) |
| 2. Non-Current Liabilities |
|
|
| a. Long-term Borrowings |
1 |
10,00,000 |
| b. Other long-term Liabilities |
2 |
1,50,000 |
| II. Assets |
|
|
| Current Assets |
|
|
| Cash and Cash Equivalents |
4 |
9,50,000 |
Notes to Accounts:
|
Note |
Particulars |
Amount |
|
| 1. | Long-term Borrowings |
|
|
| 10,000, 8% Debentures of ₹100 each issued |
|
10,00,000 |
|
| 2. | Other long-term Liabilities |
|
|
| Premium on Redemption of Debentures |
|
1,50,000 |
|
| 3. | Reserves and Surplus |
|
|
| Securities Premium Reserve |
80,000 |
|
|
| Less: Loss on Issue of Debentures written off |
(80,000) |
|
|
| Statement of Profit and Loss |
– |
|
|
| Less: Loss on Issue of Debentures written off |
(1,20,000) |
(1,20,000) |
|
| 4. | Cash and Cash Equivalents |
|
|
| On 8% debentures @ ₹ 95 each (10,000 × 95) |
9,50,000 |
||
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संबंधित प्रश्न
Short Answer Question
What is meant by ‘Issue of debentures for Consideration other than Cash’?
Short Answer Question
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Short Answer Question
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Short Answer Question
Name the head under which ‘discount on issue of debentures’ appears in the Balance Sheet of a company.
Long Answer Question
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