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प्रश्न
State, with reasons, whether the following statements are True
or False (Any THREE) :
Convertible debentures can be converted into equity shares.
उत्तर
True
Reasons: (1) Convertible Debentures are those which can be converted either partly or wholly into equity shares after the completion of a definite period.
(2) The rate of interest and date of conversion is decided at the time of issue.
(3) The interest is paid up to the date of conversion.
(4) On conversion the debenture holders are eligible for dividends and other rights and privileges of shareholders.
(5) A good company’s convertible debentures are very popular in the market.
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संबंधित प्रश्न
Debenture certificate must be issued within ___________ months of allotment.
TRK Ltd. issued 767, 9% debentures of Rs.100 each on 1-1-2016. Pass necessary journal entries for the issue of debentures in the following situations:
(a) When debentures were issued at a discount of 3% and were redeemable at a premium of 7%.
(b) When debentures were issued at a premium of 4% and were redeemable at a premium of 9%.
KTR Ltd., issued 365, 9% Debentures of `1,000 each on 4-3-2016. Pass necessary journal entries for the issue of debentures in the following situations:
(a) When debentures were issued at par redeemable at a premium of 10%.
(b) When debentures were issued at 6% discount redeemable at 5% premium.
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(b) When debentures were issued at 12% premium, redeemable at 6% premium.
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Pass necessary journal entries for the above transactions in the books of the company.
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Pass the Journal entries in the books of Pioneer Fitness Ltd.
