Question

OF DEBENTURES 8.49 Q. 19. Hassan Limited took a loan of 30,00,000 from a bank against primary security worth 340,00,000 and issued 35,000, 6% debentures of $100 each as a collateral security. The company again after one year took a loan of 350,00,000 from bank against Plant as primary security and deposited 60,000, 6% debentures of 100 each as collateral security. Record necessary journal entries. How will you show the issue of debentures and bank loan in the balance sheet of the company. ​

Answer 1

Answer:

OF DEBENTURES 8.49 Q. 19. Hassan Limited took a loan of 30,00,000 from a bank against primary security worth 340,00,000 and issued 35,000, 6% debentures of $100 each as a collateral security. The company again after one year took a loan of 350,00,000 from bank against Plant as primary security and deposited 60,000, 6% debentures of 100 each as collateral security. Record necessary journal entries. How will you show the issue of debentures and bank loan in the balance sheet of the company.

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Answer 2

Step-by-step explanation:

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