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Record necessary journal entries and prepare balance sheet

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Hassan Limited took a loan of Rs. 30,00,000 from a bank against primary security worth Rs. 40,00,000 and issued 4,000, 6% debentures of Rs. 100 each as a collateral security. The company again after one year took a loan of Rs. 50,00,000 from bank against Plant as primary security and deposited 6,000,6% debentures of Rs. 100 each as collateral security. Record necessary journal entries and prepare balance sheet of a company.

Reference no: EM131820107

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