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Question
X Ltd. obtained a loan of Rs. 4,00,000 from IDBI Bank. The company issued 5,000, 9% Debentures of Rs. 100 each as collateral security for the same. Show how these items will be presented in the Balance Sheet of the company.
Solution 1
| Balance Sheet X Ltd. | |||
| Liabilities | Amount (₹) | Assets | Amount (₹) |
| Secured Loan | |||
| Bank Loan | 4,00,000 | Miscellaneous Expenditure | |
| 9% Debentures (Issued as collateral security) |
5,00,000 |
Debentures Suspense A/c | 5,00,000 |
Solution 2
| Balance sheet Extract of X Ltd | ||
| Particulars | Note no. | Rs. |
| 1. Equity & Liabilities | ||
| Non-current liabilities | ||
| Long-term borrowings | 1 | 4,00,000 |
| Notes to accounts | |
| 1. Long-term borrowings Loan from IDBI (Secured by issue of 5000, 9% debentures of Rs. 100 each as collateral security) |
4,00,000 |
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