Promising Company Ltd. Took a loan of Rs. 10,00,00,000 from a bank giving Rs. 12,00,00,000 9% debentures as collateral security. Pass the necessary Journal entries regarding issue of debentures, if...

Promising Company Ltd. Took a loan of Rs. 10,00,00,000 from a bank giving Rs. 12,00,00,000 9% debentures as collateral security. Pass the necessary Journal entries regarding issue of debentures, if any, and show this loan in the Balance Sheet of the
Company.