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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 debentures which are converted into shares is called____________.

विकल्प

  • converted debentures

  • non-convertible debenture

  • bearer debentures

  • unsecured debentures

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उत्तर

The debentures which are converted into shares is called converted debentures.

Explanation: The debentures that are issued with an option of being converted into equity shares or preference shares after the expiry of a certain specified period are known as convertible debentures.

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अध्याय 11: Company Accounts Part - 2 (Accounting for Debentures) - Exercise 3 [पृष्ठ ३७२]

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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 5 | पृष्ठ ३७२

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Give the meaning of Debenture?


On 1.4.2015 PPR Ltd. issued 1500, 10% debentures of Rs 100 each at a discount of 3%, redeemable at a premium of 8% after three years. The company closes its books on 31st March every year. Interest on 10% debentures is payable on 30th September and 31st March. Rate of tax deducted at source is 10%.

Pass necessary journal entries for the issue of 10% debentures and interest for the year ended 31.3.2016


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


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


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


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


Write one word/term/phrase which can substitute the following
The acknowledgment of debt under common seal 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 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 registered in the register of company.


State to whether the following statement is True/False.
The acknowledgement of debt under common seal of company in termed as share.


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


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


State to whether the following statement is True/False.
Unsecured debentures are safer than secured debentures.


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


Answer the question.
Explain any five types of debentures through which a company can collect borrowed capital from the public.


Match the items given in Column I with the headings/subheadings (Balance sheet) as defined in Schedule III of Companies Act 2013.

  Column I   Column II
(I) Loose Tools (a) Intangible fixed assets
(II) Patents (b) Other current assets
(III) Prepaid insurance (c) Long term Borrowings
(IV) Debentures (d) Inventories
(V) Machinery (e) Tangible Fixed assets/Property, Plant and Equipment

Choose the correct option:


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.


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