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प्रश्न
State to whether the following statement is True/False.
The amount of irredeemable debentures is not paid in the life time of the company.
विकल्प
True
False
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उत्तर
True
Explanation: Irredeemable debentures are not payable during the life time of a company. They are also known as perpetual debentures. They are paid only at the time of liquidation or in the event of winding up of the company.
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संबंधित प्रश्न
The debentures which are convertible into shares.
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.
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
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 a ‘Convertible Debenture’?
Answer in a sentence only.
What is meant by ‘Mortgaged Debenture’?
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 not converted into shares.
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
__________ 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 :
The debentures which are converted into shares is called____________.
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.
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.
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’?
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.
