[ISC] Q. 17 Solution of Final Accounts of Companies – Application TS Grewal ISC (2023-24)
Solution of Q 17 Final Accounts of Companies-Application TS Grewal Class 12 ISC Board Accountancy Book 2023-24
Hero Ltd. has raised following long-term loans on 1st April, 2022:
| ₹ | |
| 10,000; 10% Debentures of ₹ 100 each redeemable in four equal yearly instalment beginning 1st July, 2023 | 10,00,000 |
| 11% Bank Loan from SBI repayable after 5 years | 20,00,000 |
Interest on Debentures and Bank Loan ha not yet been paid.
How will the above items be shown in the Balance Sheet of the company as at 31st March, 2023?
Solution:-
