How to show debentures in balance sheet.

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answered Jul 24, 2016 by jbsclasses (3,971 points)
Thank you sir very much
Can you show me the break up of loss on issue of debenture amount as how Rs.30000 is recorded in Other Current Asset and Rs.92,500 in Other Non- Current Assets?
Dear Kenamotiwala, your query has been included in the question as well as in the answer above.  As per Companies Act, 2013 amounts which are to be written off with in 12 months of Balance Sheet date are shown as Other Current Assets under the heading Current Assets, hence Rs.30,000 which is to be written off in 2015-2016 is placed under Other Current Assets.  Similarly those items which are to be written off later than 12 months are classified as Other Non-Current Assets under Non-Current Assets, hence Rs.92,500 has been placed under Other Non-Current Assets.