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Select Most Appropriate Alternative from Those Given Below : - Book Keeping and Accountancy

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प्रश्न

Select most appropriate alternative from those given below :
The debenture holder is ___________ of the company.

विकल्प

  • debtor

  • creditor

  • owner

  • supplier

MCQ

उत्तर

The debenture holder is creditor of the company.

Explanation: Debentures are debt funds issued under the common seal of a company. These are issued for a specified period of time with a fixed rate of interest. Debenture-holders are regarded as the creditors of the company, as they have lent the amount to the company as a loan.

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Meaning and Concept of Debentures
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 11: Company Accounts Part - 2 (Accounting for Debentures) - Exercise 3 [पृष्ठ ३७३]

APPEARS IN

मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 11 Company Accounts Part - 2 (Accounting for Debentures)
Exercise 3 | Q 10 | पृष्ठ ३७३

संबंधित प्रश्न

The debentures which are convertible into shares.


Give the meaning of Debenture?


Tata Ltd. issued 5,000, 10% Debentures of Rs 100 each on 1st April 2012. The issue was fully subscribed. According to the terms of issue, interest on debentures is payable half-yearly on 30th September and 31st March and tax deducted at source is 10%.
Pass the necessary journal entries related to the debenture interest for the half-yearly ending on 31st March 2013 and transfer of interest on debentures to Statement of Profit and Loss.


Give any one advantage for the redemption of debentures by purchase in the open market?


Pass the necessary Journal entry when 10,000 debentures of Rs 100 each are issued as collateral security against a Bank loan of Rs 8,00,000


Answer in a sentence only.
What is meant by debenture?


Answer in a sentence only.
What is meant by ‘Irredeemable Debentures?


Write one word/term/phrase which can substitute the following
The debentures where no charge is created on the assets of company.


Write one word/term/phrase which can substitute the following
The debentures of which the payment is not made until the winding up of company.


Write one word/term/phrase which can substitute the following
The debentures of which payment is made on the expiry of specific period.


Write one word/term/phrase which can substitute the following
The debentures which are converted in to shares.


Write one word/term/phrase which can substitute the following
The debentures which are not converted into shares.


Write one word/term/phrase which can substitute the following
The debentures which are registered in the register of company.


Select most appropriate alternative from those given below
__________ is acknowledgment of debt under common seal of company.


Select most appropriate alternative from those given below :
__________ debentures which are not secured against any charge on asset of the company.


State to whether the following statement is True/False.
The amount of irredeemable debentures is not paid in the life time of the company.


State to whether the following statement is True/False.
The unregistered debentures are known as naked debentures.


Amar Ltd. issued 10,000 12% Debentures of Rs 100 each payable Rs 30 on application and remaining amount on allotment. The public applied for Rs 9,000 debentures which were fully allotted and on the relevant allotment money duly received. Give journal entries in the books of Amar Ltd.


Write a word / term / phrase as a substitute of the following statement.
The acknowledgement of debt under common seal of company.


Answer the following question in one sentence.
What are ‘convertible debentures’ ?


Write Short Note on Secured Debentures


Explain any four types of debentures through which a public limited company can collect its borrowed capital from the public.


Explain the meaning of debentures. State any four disadvantages of debentures.


Anthony Ltd. issued 20,000, 9% Debentures of ₹ 100 each at 10% discount to Mithoo Ltd. from whom Assets of ₹ 23,50,000 and Liabilities of ₹ 6,00,000 were taken over. Pass entries in the books of Anthony Ltd. if these debentures were to be redeemed at 5% premium.


A Debenture issued by a company by creating a fixed or a floating charge on the company's assets is known as ______.


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