Assertion (A): Mohan has shown ₹5,00,000, 10 % debentures redeema… - Vidyadip

Question

Assertion $(A):$ Mohan has shown $₹5,00,000, 10\%$ debentures redeemable on $31^{st} $ October $2023$ under the head 'Current Liabilities as Current Maturities of Long Term debts in Balance sheet as at $31^{st} $ March, $2023.$
Reason $(R):$ Debentures becoming due for redemption within $12$ months from the date of Balance sheet are shown as Current Maturities of Long Term Debts under the main head 'current liabilities'

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Answer

$(A)$

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