Collateral security for a loan is...

Collateral security for a loan is

a liability of the lender

owned by the lender

an asset of the borrower

a liability of the borrower

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Zee Ltd. Issued 10,000, 105 Debentures of â‚¹ 100 each as collateral security for a loan of â‚¹ 8,00,000 from Dena Bank. The company was unable to repay the loan which interest payable was â‚¹ 2,00,000 as on 31 March, 2019. Dena Bank, on 31st March, 2019, exercised the right vested in it by way of debentures being issued as collateral Security. Pass Journal entries in the books of Zee Ltd on 31st March, 2019.

X Ltd. took a loan of â‚¹ 3,00,000 from IDBI Bank. The company issued 4,000, 9% Debentures of â‚¹ 100 each as a collateral security for the same. Show how these items will be presented in the Balance Sheet of the company.

Hyatt Ltd. Took loan of â‚¹ 8,00,00 from State Bank of India and issued 10,000, 9% Debentures of â‚¹ 100 each as collateral security. How will issure of debentures be shown in the Balance Sheet: (i) When Journal entry is not passed, and (ii) When Journal entry is passed?

A company took a loan of â‚¹ 4,00,000 from Bandhan Bank Ltd. and issued 8% Debentures of â‚¹ 4,00,000 as a collateral security. Explain how will the issue of debentures be dealt with in the books of the company.

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