30 :- Suhani Ltd. took loan of Rs 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of Rs 4,00,000 as a collateral security.
Explain how will the issue of debentures be dealt with in the books of the company.
31 :- Best Barcode Ltd. took loan of Rs 5,00,000 from a bank giving Rs 6,00,000; 9% Debentures as collateral security. Pass Journal entries regarding issue of debentures, if any, and show this loan in the Balance Sheet of the company.
32 :- Bhagwati Ltd. took loan of Rs 3,00,000 from IDBI Bank. The company issued 4,000; 9% Debentures of Rs 100 each as a collateral security for the same. Show how these items will be shown in the Balance Sheet of the company.
33 :- S. Singh Limited obtained loan of Rs 5,00,000 from State Bank of India @ 10% p.a. interest. The company issued Rs 7,50,000, 10% Debentures of Rs 100 each in favour of State Bank of India as Collateral Security. Pass necessary Journal entries for the above transactions:
(i) When company decided not to record the issue of 10% Debentures as Collateral Security.
(ii) When company decided to record the issue of 10% Debentures as Collateral Security.