[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?
![](https://commerceschool.in/wp-content/uploads/2024/03/q17-2-1024x236.webp)
Solution:-
![](https://commerceschool.in/wp-content/uploads/2024/03/1-181-1024x478.webp)
![](https://commerceschool.in/wp-content/uploads/2024/03/2-69-1024x694.webp)