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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.
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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