1. XY and Z Ltd issued 2,00,000 ,9% debentures of Rs. 100 each. The whole
amount was payable along with application money. All the debentures
were applied for and allotted Pass necessary journal entries and prepare
the Balance Sheet also.
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bank A/C.... dr. 2,00,00,000
to debenture APP and ALL 2,00,00,000
debenture APP and ALL... dr 2,00,00,000
to 9% debenture 2,00,00,000
XYX Ltd
an extract of balance sheet as at 31st march....
particulars note no. ₹
Equity and liabilities
Non-current liabilities
long term borrowings 01 2,00,00,000
notes to accounts
note no details ₹
01 long term borrowings
issued 9% debenture of ₹100 each 2,00,00,000
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