Youth Ltd. took a loan of ₹ 15,00,000 from State Bank of India against the security of tangible assets. In addition to principal security, it issued 10,000 11% debentures of ₹ 100 each as collateral security. Pass necessary journal entries for the above transactions, if the company decided to record the issue of 11% debentures as collateral security and show the presentation in the Balance Sheet of Youth Ltd.

CBSE Sample Question Paper, Class 12 Accountancy Term 2 Question - Youth Ltd. took a loan of ₹ 15,00,000 from State Bank of India against the security of tangible assets. In addition to principal security, it issued 10,000 11% debentures of ₹ 100 each as collateral security. Pass necessary journal entries for the above transactions, if the company decided to record the issue of 11% debentures as collateral security and show the presentation in the Balance Sheet of Youth Ltd.

By
Komal Kohli
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Youth Ltd. took a loan of ₹ 15,00,000 from State Bank of India against
the security of tangible assets. In addition to principal security, it
issued 10,000 11% debentures of ₹ 100 each as collateral security.
Pass necessary journal entries for the above transactions, if the
company decided to record the issue of 11% debentures as
collateral security and show the presentation in the Balance Sheet
of Youth Ltd.

Ans.

In the Books of Youth Ltd.

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