(i) 1,000, 10% Debentures of Rs.100 each out of 10 ,000 , 10% Debentures are redeemable within the 12 months of of the date of balance sheet . They will be shoen in the Current Liabilities as Short - term Borrowings in the Balancesheet.ltbtgt(ii) Dividend is paid on paid -up Capital.(iii) Debentures are shown under the head Other Long - term Liabilites in the Balance Sheet .(iv)Share Application Money pending Allotment is shown as aline item .(v) Loose Tools and Stores and Spares and Spares are shown as inventories in the Balance Sheet.(vi)Bills Receivable is shown as Trade Receivables in the Balance Sheet.(vii) Reserve Capital is part of Share Capital that a Company resolves not to call at any time it desires.

(i) 1,000, 10% Debentures of Rs.100 each out of 10 ,000 , 10% Debentur

1.	(i) 1,000, 10% Debentures of Rs.100 each out of 10 ,000 , 10% Debentures are redeemable within the 12 months of of the date of balance sheet . They will be shoen in the Current Liabilities as Short - term Borrowings in the Balancesheet.ltbtgt(ii) Dividend is paid on paid -up Capital.(iii) Debentures are shown under the head Other Long - term Liabilites in the Balance Sheet .(iv)Share Application Money pending Allotment is shown as aline item .(v) Loose Tools and Stores and Spares and Spares are shown as inventories in the Balance Sheet.(vi)Bills Receivable is shown as Trade Receivables in the Balance Sheet.(vii) Reserve Capital is part of Share Capital that a Company resolves not to call at any time it desires.
Answer» SOLUTION :(i) False; (ii) TRUE;(iii) False;(IV) True;(v) True; (vi)True; (VII)False.]

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