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Give the Meaning of ‘Debenture’? - Accountancy

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प्रश्न

Give the meaning of Debenture?

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उत्तर

A debenture is a written debt instrument issued in the form of a certificate containing provisions regarding the repayment of the principal sum after a fixed period of time and payment of interest at regular intervals.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2013-2014 (March) Delhi Set 1

संबंधित प्रश्‍न

The debentures which are convertible into shares.


The debenture holder is owner of the company.


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?


_______ 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 a ‘Convertible 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 not converted into shares.


Select most appropriate alternative from those given below :
__________ debentures which are not secured against any charge on asset of the 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 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’?


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.


State any four disadvantages of debentures. 


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.


A Debenture issued by a company by creating a fixed or a floating charge on the company's assets is known as ______.


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