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The Debentures Which Are Convertible into Shares. - Book Keeping and Accountancy

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प्रश्न

The debentures which are convertible into shares.

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उत्तर

Convertible debentures

shaalaa.com
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2014-2015 (March)

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संबंधित प्रश्‍न

The debenture holder is owner of the company.


Give the meaning of Debenture?


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.


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?


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


Answer in a sentence only.
What do you mean by Bearer Debenture?


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


Give the word / term or phrase which can substitute the following statement.

The debentures which are converted into shares.


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.

State any four disadvantages of debentures. 


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:


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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