Q. 19 DK Goel Issue of Debentures Solutions Class 12 CBSE (2024-25)

Here are the solution of question number 19 of Issue of debentures chapter 7 of DK Goel Class 12 CBSE (2024-25)

Hassan Limited took a loan of ₹ 30,00,000 from a bank against primary security worth ₹ 40,00,000 and issued 35,000, 6% debentures of ₹ 100 each as a collateral security. The company again after one year took a loan of ₹ 50,00,000 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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