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Select Most Appropriate Alternative from Those Given Below : - Book Keeping and Accountancy

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प्रश्न

Select most appropriate alternative from those given below :
The debenture holder is ___________ of the company.

पर्याय

  • debtor

  • creditor

  • owner

  • supplier

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उत्तर

The debenture holder is creditor of the company.

Explanation: Debentures are debt funds issued under the common seal of a company. These are issued for a specified period of time with a fixed rate of interest. Debenture-holders are regarded as the creditors of the company, as they have lent the amount to the company as a loan.

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पाठ 11: Company Accounts Part - 2 (Accounting for Debentures) - Exercise 3 [पृष्ठ ३७३]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
पाठ 11 Company Accounts Part - 2 (Accounting for Debentures)
Exercise 3 | Q 10 | पृष्ठ ३७३

व्हिडिओ ट्यूटोरियलVIEW ALL [1]

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.


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’?


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 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.


State to whether the following statement is True/False.
The acknowledgement of debt under common seal of company in termed as share.


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.
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. 


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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