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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 -

Extract of Balance Sheet

as at March 31, 2017

Particulars

Note No.

Amount┬а

(Rs)

I. Equity and Liabilities

┬а

┬а

1. ShareholdersтАЩ Funds

┬а

┬а

a Share Capital

┬а

┬а

b. Reserves and Surplus

┬а

┬а

2. Non-Current Liabilities

┬а

┬а
  1. Long-term Borrowings

1

35,00,000

3. Current Liabilities

┬а

┬а
  1. Other Current Liabilities

2

2,50,000

┬а

┬а

┬а

┬а

Notes to Accounts

Particulars

Amount

(Rs)

1. Long Term Borrowings

┬а

12% Debentures

25,00,000

┬а

Bank Loan

10,00,000

35,00,000

┬а

35,00,000

┬а

┬а

2. Other┬аCurrent Liabilities

┬а

Interest on Debentures

2,50,000

┬а

┬а

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