Question

A limited company issued ₹100000 debentures, which were issued as follows:(1) To sundry persons for cash at 90 per cent₹50000 nominal.(2) To a creditor for ₹20000 capital expenditure in satisfaction of his claim ₹25000 nominal. (3) To bankers as collateral security ₹25000 nominal. The issues(1) and (2) are redeemable at the end of 10 years at par. How should the debentures be dealt with in preparing the balance sheet of the company?​

Answer 1

Answer:

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