Aarvi Ltd. has availed a loan of ₹ 150 lakh from Bank of India and issued to the Bank of India as collateral security – 2,50,000 debentures bearing interest rate of 9%, and of the face value of ₹ 100 each. From the above

Journals of Aarvi Ltd. S. No. Particulars Rs. (in lakh) Rs. (in lakh) 1. Bank a/c Dr. 150 To Bank Loan a/c or Loan from Bank of India a/c 150 (Being a loan of ₹ 150 lakhs taken from Bank of India) 2. Debenture Suspense a/c Dr. 250 To 9% Debenture a/c 250 (being 9% debentures worth ₹ 250 lakh issued as collateral security for a bank loan taken from Bank of India) Balance sheet of Aarvi Ltd. as at... (Rs. in lakh) Particulars Note Amount (Rs.) EQUITY AND LIABILITIES Non-current liabilities Long term borrowings: 9% Debentures of ₹ 100 each 250 Bank loan 150 ASSETS Non-current assets Other non-current assets: Debenture Suspense A/c 250 Current assets Bank 150