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.

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Solution

Extract of Balance Sheet

as at March 31, 2017

Particulars

Note No.

Amount

(Rs)

I. Equity and Liabilities

1. Shareholders’ Funds

a Share Capital

b. Reserves and Surplus

2. Non-Current Liabilities

Long-term Borrowings

1

35,00,000

3. Current Liabilities

Other Current Liabilities

2

2,50,000

Notes to Accounts

Particulars

Amount

(Rs)

1. Long Term Borrowings

12% Debentures

25,00,000

Bank Loan

10,00,000

35,00,000

35,00,000

2. Other Current Liabilities

Interest on Debentures

2,50,000

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A company issues the following debentures.

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On 1^st Aril, 2017, Jumbo Ltd. issued 10,000; 12% debentures of Rs. 100 each a discount of 20%, redeemable after 5 years. The company decided to write-off discount on issue of such debentures over the life time of the Debentures. Show the items in the balance sheet of the company immediately after the issue of these debentures.

Ernakulam Textiles Ltd. raised the following long term loans in 1st April, 2017:

$\begin{matrix} Rs. 60,000, 8% Debentures of Rs. 100 each redeemable in four equal annual instalments beginning 1st January, 2019 & 60, 00, 000 12% Bank Loan from Axis Bank repayable after 4 years & 20, 00, 000 \end{matrix}$
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You are required to show the above items in the Balance Sheet of the Company as at 31st March, 2018

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Extract of Balance Sheet as at March 31, 2017
Particulars	Note No.	Amount (Rs)
I. Equity and Liabilities
1. Shareholders’ Funds
a Share Capital
b. Reserves and Surplus
2. Non-Current Liabilities
Long-term Borrowings	1	35,00,000
3. Current Liabilities
Other Current Liabilities	2	2,50,000

Notes to Accounts
Particulars		Amount (Rs)
1. Long Term Borrowings
12% Debentures	25,00,000
Bank Loan	10,00,000	35,00,000
		35,00,000

2. Other Current Liabilities
Interest on Debentures		2,50,000

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.

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.