{"id":121417,"date":"2022-05-17T16:09:29","date_gmt":"2022-05-17T10:39:29","guid":{"rendered":"https:\/\/www.mapsofindia.com\/my-india\/?p=121417"},"modified":"2022-05-17T16:09:29","modified_gmt":"2022-05-17T10:39:29","slug":"youth-ltd-took-a-loan-of-%e2%82%b9-1500000-from-state-bank-of-india-against-the-security-of-tangible-assets-in-addition-to-principal-security-it-issued-10000-11-debentures-of-%e2%82%b9-100-each","status":"publish","type":"post","link":"https:\/\/www.mapsofindia.com\/my-india\/education\/youth-ltd-took-a-loan-of-%e2%82%b9-1500000-from-state-bank-of-india-against-the-security-of-tangible-assets-in-addition-to-principal-security-it-issued-10000-11-debentures-of-%e2%82%b9-100-each","title":{"rendered":"Youth Ltd. took a loan of \u20b9 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 \u20b9 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."},"content":{"rendered":"<h2>Youth Ltd. took a loan of \u20b9 15,00,000 from State Bank of India against<br \/>\nthe security of tangible assets. In addition to principal security, it<br \/>\nissued 10,000 11% debentures of \u20b9 100 each as collateral security.<br \/>\nPass necessary journal entries for the above transactions, if the<br \/>\ncompany decided to record the issue of 11% debentures as<br \/>\ncollateral security and show the presentation in the Balance Sheet<br \/>\nof Youth Ltd.<\/h2>\n<h3>Ans.<\/h3>\n<h3>In the Books of Youth Ltd.<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-121376 size-full\" src=\"https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2022\/05\/8-30.png\" alt=\"\" width=\"623\" height=\"532\" srcset=\"https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2022\/05\/8-30.png 623w, https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2022\/05\/8-30-150x128.png 150w, https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2022\/05\/8-30-293x250.png 293w, https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2022\/05\/8-30-574x490.png 574w, https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2022\/05\/8-30-300x256.png 300w, https:\/\/www.mapsofindia.com\/ci-moi-images\/my-india\/2022\/05\/8-30-492x420.png 492w\" sizes=\"auto, (max-width: 623px) 100vw, 623px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Youth Ltd. took a loan of \u20b9 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 \u20b9 100 each as collateral security. Pass necessary journal entries for the above transactions, if the company decided to record the issue of 11% debentures [&hellip;]<\/p>\n","protected":false},"author":21830,"featured_media":121365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-121417","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-education"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/users\/21830"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/comments?post=121417"}],"version-history":[{"count":1,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121417\/revisions"}],"predecessor-version":[{"id":121418,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/posts\/121417\/revisions\/121418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media\/121365"}],"wp:attachment":[{"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/media?parent=121417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/categories?post=121417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mapsofindia.com\/my-india\/wp-json\/wp\/v2\/tags?post=121417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}