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 ?
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IPCC/Accounts
Replies (8)
debentures are generally secured so i think it should be classified as Secured Loan .
I think there is no unsecured debenture so necassarily debenture is classified under secured loan only
If nothing is mentioned then it is secured debenture because mostly debentures are secured.
| Originally posted by :Sushil | ||
| " | If nothing is mentioned then it is secured debenture because mostly debentures are secured. | " |
debenture are issued eighter against floting charge on all assets or in liqudation payment made prior unsecure liability so debenture are treated secure.
ya tink debentures will always be secured.
so treat them as secured loans
Thanks everyone for clarfication !
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