When Debentures Issued as Collateral Security is shown separately
X Ltd. |
||
Balance Sheet |
||
Particulars |
Note No. |
Amount (Rs) |
I. Equity and Liabilities |
|
|
1. Shareholders’ Funds |
|
|
2. Non-Current Liabilities |
|
|
a. Long-Term Borrowings |
1 |
3,00,000 |
3. Current Liabilities |
|
|
Total |
|
3,00,000 |
|
|
|
II. Assets |
|
|
1.Non-Current Assets |
|
|
2.Current Assets |
|
|
a. Cash and Cash Equivalents |
2 |
3,00,000 |
Total |
|
3,00,000 |
|
|
|
NOTES TO ACCOUNTS
Note No. |
Particulars |
Amount (Rs) |
|
|
|
|
|
1 |
Long-Term Borrowings |
|
|
|
Secured: |
|
|
|
Loan From IDBI(Secured by issue of Debentures of Rs 4,00,000) |
3,00,000 |
|
|
9 % Debentures (Issued as Collateral Security against loan) |
4,00,000 |
|
|
Less: Debenture Suspense Account |
4,00,000 |
- |
|
|
3,00,000 |
|
|
|
|
|
2 |
Cash and Cash Equivalents |
|
|
|
Cash at Bank |
3,00,000 |
|
|
|
|
Alternative Method: When Debentures Issued as Collateral Security are not shown separately
X Ltd. |
||
Balance Sheet |
||
Particulars |
Note No. |
Amount (Rs) |
I. Equity and Liabilities |
|
|
1. Shareholders’ Funds |
|
|
2. Non-Current Liabilities |
|
|
a. Long-Term Borrowings |
1 |
3,00,000 |
3.Current Liabilities |
|
|
Total |
|
3,00,000 |
|
|
|
II. Assets |
|
|
1. Non-Current Assets |
|
|
2. Current Assets |
|
|
a. Cash and Cash Equivalents |
2 |
3,00,000 |
Total |
|
3,00,000 |
|
|
|
NOTES TO ACCOUNTS
Note No. |
Particulars |
Amount (Rs) |
|
|
|
1 |
Long-Term Borrowings |
|
|
Secured: |
|
|
Loan From IDBI (Secured by issue of 9% Debentures of Rs 4,00,000 as Collateral Security) |
3,00,000 |
|
|
|
2 |
Cash and Cash Equivalents |
|
|
Cash at Bank |
3,00,000 |
|
|
|