Promising Company Ltd. Took a loan of Rs. 10,00,00,000 from a bank giving Rs. 12,00,00,000 9% debentures as collateral security. Pass the necessary Journal entries regarding issue of debentures, if any, and show this loan in the Balance Sheet of theCompany.

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Promising Company Ltd. Took a loan of Rs. 10,00,00,000 from a bank giving Rs. 12,00,00,000 9% debentures as collateral security. Pass the necessary Journal entries regarding issue of debentures, if any, and show this loan in the Balance Sheet of the
Company.

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