I am solving a problem in IPCC Accounts. I am preparing a Balance Sheet. If nothing is mentioned against the 10% Debenture, should we place it under Seculred Loans or Unsecured Loans ?
8 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 29 October 2009
debentures are generally secured so i think it should be classified as Secured Loan .
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 29 October 2009
I think there is no unsecured debenture so necassarily debenture is classified under secured loan only
Sushil
(CA Final Student)
(2571 Points)
Replied 29 October 2009
If nothing is mentioned then it is secured debenture because mostly debentures are secured.
CA Paras jain
(Audit Senior Assistant)
(1544 Points)
Replied 29 October 2009
| Originally posted by :Sushil | ||
| " | If nothing is mentioned then it is secured debenture because mostly debentures are secured. | " |
Jitendra Nuwal
(ca final)
(32 Points)
Replied 29 October 2009
debenture are issued eighter against floting charge on all assets or in liqudation payment made prior unsecure liability so debenture are treated secure.
CA Trinath Galla
(student)
(3130 Points)
Replied 29 October 2009
ya tink debentures will always be secured.
so treat them as secured loans
Recent Topics
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
Related Threads
CAclubindia
