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प्रश्न
State to whether the following statement is True/False.
The acknowledgement of debt under common seal of company in termed as share.
विकल्प
True
False
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उत्तर
False
Explanation: The acknowledgement of debt under the common seal of a company is termed as debenture. Debentures carry a fixed rate of interest that is a charge against company profits. Debentures are paid back after the expiry of the specified term for which they were issued.
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संबंधित प्रश्न
The debentures which are convertible into shares.
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.
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
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 is meant by debenture?
Answer in a sentence only.
What is a ‘Convertible Debenture’?
Answer in a sentence only.
What is meant by ‘Mortgaged 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 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 which are converted in to shares.
Write one word/term/phrase which can substitute the following
The debentures which are transferred by way of delivery.
State to whether the following statement is True/False.
The debenture holder is owner 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 debentures are known as creditors ship capital of the company.
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’?
Answer the question.
Explain any five types of debentures through which a company can collect borrowed capital from the public.
Explain any four types of debentures through which a public limited company can collect its borrowed capital from the public.
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.
