Question

Brinda Ltd., has furnished the following information:
(a) 25,000, 10% debentures of Rs. 100 each;
(b) Bank Loan of Rs. 10,00,000 repayable after 5 years;
(c) Interest on debentures is yet to be paid.

Show the above items in the balance sheet of the company as at March 31, 2017.

Answer 1

$\text{Brinda Ltd.}\text{Balance Sheet}\text{as on March}31,2017$
$\begin{array}{ccccc}& & & \text{Figures as at}& \text{Figures as at}\\ & & & \text{the End of}& \text{the End of}\\ & \text{Particulars}& \text{Note No.}& \text{Current}& \text{Previous}\\ & & & \text{Reporting Period}& \text{Reporting Period}\\ I.& \text{Equity and Liabilities}& & & \\ & 1.\text{Shareholder's Funds}& & & \\ & \left(a\right)\text{Share Capital}& & & \\ & \left(b\right)\text{Reserves and Surplus}& & & \\ & 2.\text{Non-Current Liabilities}& & & \\ & \left(a\right)\text{Long Term Borrowings}& 1& 35,00,000& \\ & 3.\text{Current Liabilities}& & & \\ & \left(a\right)\text{Other Current Liabilities}& 2& 2,50,000& \end{array}$

Note to Accounts

$\begin{array}{ccc}& & \\ \text{Particulars}& \text{Amount (Rs.)}& \text{Amount(Rs.)}\\ \text{Note No.}1& & \\ \text{Long Term Borrowings}& & \\ \text{12\% Debentures}& 25,00,000& \\ \text{Bank Loan}& \underset{–}{10,00,000}& \underset{–}{35,00,000}\\ \text{Note No.}2& & \\ \text{Other Current Liabilities}& & \\ \text{Interest on Debentures}& & \underset{–}{2,50,000}\end{array}$