Micheal Vaz solutions for Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board chapter 11 - Company Accounts Part - 2 (Accounting for Debentures) [Latest edition]

Answer in a sentence only.
What is meant by debenture?

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What do you mean by Bearer Debenture?

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What is meant by ‘Issue’ of debentures for consideration other than cash?

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What is meant by ‘Issue of debenture at discount and redeemable at premium’?

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What is a ‘Convertible Debenture’?

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What is meant by ‘Mortgaged Debenture’?

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What is meant by redemption of Debentures?

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What is meant by ‘Premium on Redemption of debentures?

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What is meant by ‘Irredeemable Debentures?

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What do you mean by ‘Debenture Interest’?

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The debentures where a charge is created on the assets of company.

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The debentures where no charge is created on the assets of company.

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The acknowledgment of debt under common seal of company.

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The debentures of which payment is made on the expiry of specific period.

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The debentures of which the payment is not made until the winding up of company.

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The debentures which are converted in to shares.

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The debentures which are not converted into shares.

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The debentures which are registered in the register of company.

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The debentures which are transferred by way of delivery.

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The issue of debentures more than face value of debentures

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__________ is acknowledgment of debt under common seal of company.

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The issue of debenture at its face value is called the issue ___________.

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

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The issue of debentures less than the face value is called ___________.

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The debentures which are converted into shares is called____________.

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The issue of debentures more than face value is called___________.

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___________debentures of which the amount is repaid written specific period.

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__________ debentures which are not secured against any charge on asset of the company.

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The interest on debentures is transferred to __________.

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The debenture holder is ___________ of the company.

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The debenture holder is owner of the company.

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The acknowledgement of debt under common seal of company in termed as share.

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The amount of irredeemable debentures is not paid in the life time of the company.

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The issue of debentures less than face value of debenture to termed as issue of debentures at discount.

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The debentures are known as creditors ship capital of the company.

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The unregistered debentures are known as naked debentures.

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The rate of interest on debentures is attached to the debenture

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Unsecured debentures are safer than secured debentures.

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The issue of debenture more than face value is termed on issue of debentures at par.

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Premium on issue of debentures is recorded on the asset side of balance sheet.

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.

Tanagi Ltd. issued Rs 10,000 12% debentures of Rs 100 each at a discount of 5% Payable as follows:
On Application Rs 40
On Allotment Rs 55
Show journal entries assuming that all the installments were duly collected. Also show the relevant portion of the balance sheet.

Archana Ltd. issued 2,000 10% Debentures of Rs 100 each at a premium of Rs 10 per Debenture payable as follows:
 On Application : Rs. 50
 On Allotment : Rs. 60 (Premium included Rs. 10)
The Debentures were fully subscribed and all money was duly received.
Pass Journal entries and show how the amounts appear in Balance Sheet.

Amar Ltd. purchased assets of the book value of Rs 99,000 from Abhi Ltd. It was agreed that purchase consideration to be paid by issuing 11% Debentures of Rs 100 each Assume debentures have been issued.
1. At par
2. At Discount of 10% and
3. At Premium of 10%
Record necessary journal entries

Dinesh Ltd. Issued 10,00,000 6% Debentures on 1^st April, 2010. Interest is paid on 30 sept., 2010 and 31^st March, 2011.
Record necessary journal entries assuming that income tax is deducted at 30% of the amount of interest.