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State to Whether the Following Statement is True/False. - Book Keeping and Accountancy

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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

MCQ
सत्य या असत्य
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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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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 11: Company Accounts Part - 2 (Accounting for Debentures) - Exercise 4 [पृष्ठ ३७३]

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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 4 | Q 2 | पृष्ठ ३७३

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

The debentures which are convertible into shares.


The debenture holder is owner of the company.


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 is meant by debenture?


Answer in a sentence only.
What do you mean by Bearer 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 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 which are registered in the register of company.


Select most appropriate alternative from those given below ____________debentures which are recorded in register of company.


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 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 following question in one sentence.

What are ‘convertible debentures’?


Mahakali Co. Ltd. Chandrapur issued 1,000, 12% debentures of  Rs.100 each, payable Rs. 20 on application and the balance on allotment. Applications were received for 1,500 debentures, out of which, applications for 900 were allotted fully, applications for 400 were allotted 100 debentures and remaining were rejected. All dues received.
Journalise the transactions and also show Balance Sheet.

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.


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:


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