Example 26. Medatwal Ltd. obtained loan of ₹ 8,00,000 from Bank of India and issued 10,000 12% Debentures of 100 each as collateral security. Show it in the Balance Sheet of the company (i) if it is a long term loan and (ii) if it is a short term loan. Solution
Example 26. Medatwal Ltd. obtained loan of ₹ 8,00,000 from Bank of India and issued 10,000 12% Debentures of 100 each as collateral security. Show it in the Balance Sheet of the company (i) if it is a long term loan and (ii) if it is a short term loan. Solution
Example 26. Medatwal Ltd. obtained loan of ₹ 8,00,000 from Bank of India and issued 10,000 12% Debentures of 100 each as collateral security. Show it in the Balance Sheet of the company (i) if it is a long term loan and (ii) if it is a short term loan. Solution
Statement of CBSE 2014) Example 26. Medatwal Ltd. obtained loan of ₹ 8,00,000 from Bank of India and issued 10,000 12% Debentures of 100 each as collateral security. Show it in the Balance Sheet of the company (i) if it is a long term loan and (ii) if it is a short term loan. Solution
Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.
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