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_______ is an Acknowledgement of Debt Under Common Seal of a Company. - Book Keeping and Accountancy

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प्रश्न

_______ is an acknowledgement of debt under common seal of a company.

पर्याय

  • (A) Share

  • (B) Debenture

  • (C) Cheque

  • (D) Bond

MCQ

उत्तर

Debenture

shaalaa.com
Meaning and Concept of Debentures
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2016-2017 (March)

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संबंधित प्रश्‍न

The debenture holder is owner of the company.


Give the meaning of Debenture?


On 1st April 2014, KK Ltd. invited applications for issuing 5,000 10% debentures of Rs 1,000 each at a discount of 6%. These debentures were repayable at the end of the 3rd year at a premium of 10%. Applications for 6,000 debentures were received and the debentures were allotted on pro-rata basis to all the applicants. Excess money received with applications was refunded.

The directors decided to transfer the minimum amount to Debenture Redemption Reserve on 31.3.2016. On 1.4.2016, the company invested the necessary amount in 9% bank fixed deposit as per the provisions of the Companies Act 2013. A tax was deducted at source by bank on interest @10% p.a.

Pass the necessary journal entries for issue and redemption of debentures. Ignore entries relating to writing off a loss on issue of debentures and interest paid on debentures.


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?


Answer in a sentence only.
What do you mean by Bearer Debenture?


Answer in a sentence only.
What is a ‘Convertible Debenture’?


Answer in a sentence only.
What is meant by redemption of Debentures?


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


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 transferred by way of delivery.


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 recorded in register of company.


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


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


State to whether the following statement is True/False.
The debentures are known as creditors ship capital of the company.


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.


Give the word / term or phrase which can substitute the following statement.

The debentures which are converted into shares.


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


Random Ltd. took over running business of Mature Ltd. comprising of Assets of ₹ 45,00,000 and Liabilities of ₹ 6,40,000 for a purchase consideration of ₹ 36,00,000. The amount was settled by bank draft of ₹ 1,50,000 and balance by issuing 12% preference shares of ₹ 100 each at 15% premium. Pass entries in the books of Random Ltd.


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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