मराठी

Which of the following is not a characteristic of Bearer Debentures? (A) They are treated as negotiable instruments. (B) Their transfer requires a deed of transfer. - Accounts

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प्रश्न

Which of the following is not a characteristic of Bearer Debentures?

पर्याय

  • They are treated as negotiable instruments.

  • Their transfer requires a deed of transfer.

  • They are transferable by mere delivery.

  • The interest on it is paid to the holder irrespective of identity.

MCQ
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उत्तर

Their transfer requires a deed of transfer.

Explanation:

Transferring bearer debentures does not necessitate the use of a deed of transfer. These debentures can be transferred simply by delivering them.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 7: Company Accounts - Issue of Debentures - OBJECTIVE TYPE QUESTIONS [पृष्ठ ७.६६]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
पाठ 7 Company Accounts - Issue of Debentures
OBJECTIVE TYPE QUESTIONS | Q A. 8. | पृष्ठ ७.६६

संबंधित प्रश्‍न

Journalise the following:

(i) A debenture issued at Rs 95, repayable at Rs 100;

(ii) A debenture issued at Rs 95, repayable at Rs 105; and

(iii) A debenture issued at Rs 100, repayable at Rs 105;

The face value of debenture in each of the above cases is Rs 100.


A company issues the following debentures:

  1. 10,000 12% debentures of Rs.100 each at par but redeemable at premium of 5% after 5 years;
  2. 10,000 12% debentures of Rs.100 each at a discount of 10% but redeemable at par after 5 years;
  3. 5,000 12% debentures of Rs.1,000 each at a premium of 5% but redeemable at par after 5 years;
  4. 1,000 12% debentures of Rs.100 each issued to a supplier of machinery costing Rs.95,000. The debentures are repayable after 5 years and
  5. 300 12% debentures of Rs.100 each as a collateral security to a bank that has advanced a loan of Rs.25,000 to the company for a period of 5 years.

Pass the journal entries to record the issue of debentures.


Iron Products Ltd. issued 5,000; 9% Debentures of ₹ 100 each at a premium of ₹ 40 payable as follows;
(i) ₹ 40 , including premium of ₹ 10 on applications;
(ii) ₹ 45, including premium of ₹ 15 on allotment ; and
(iii) Balance as first and final call.
The issue was subscribed and allotment made. Calls were made and due amount  was received .
Pass Journal entries .


Newton Ltd. purchased a Machinery from B for ​₹  5,76,000 to be paid by the issue of 9% Debentures of ​₹  100 each at 4% discount. Journalise the trasactions.


Romi Ltd. acquired assets of  ₹ 20 lakhs and took over creditors of  ₹ 2 lakhs from Kapil Enterprises.
Romi Ltd. issued 8% Debentures  of  ₹ 100 each at a discount of 10% as purchase consideration.
Record necessary journal entries in the books of Romi Ltd.


On 1st April, 2017, Solar Power Ltd. issued 10,000, 8% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 15% at the end of five years. All the debentures were subscribed and allotment was made. The company had balance in Securities Premium Reserve of ₹ 80,000.
Prepare the Balance Sheet (extract) as at 31st March, 2018.


Debenture interest is paid as ______.


Debenture premium cannot be used to ______.


A Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of B Ltd. for an agreed purchase consideration of ₹ 6,00,000 payable 10% in cash and the balance by the issue of 15% debentures of ₹ 100 each at 10% discount. The number of debentures to be issued is:


Premium received on issue of debentures may be utilised for:


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