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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.
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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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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 the debenture in each of the above cases is Rs. 100.
Nipa Limited issued ₹ 10,00,000 Debentures of ₹ 100 each at a premium of 10% , payable 25% on application (including premium) and the balance on allotment . The debentures were applied for and the amount was dully received.
You are required to give Journal entries and prepare Cash Book.
Journalise the following:
(a) A debenture issued at ₹95, repayable at ₹ 100.
(b) A debenture issued at ₹95, repayable at ₹ 105.
(c) A debenture issued at ₹95, repayable at ₹ 105.
The face value of debenture is ₹ 100 in each of the above cases.
Pass necessary Journal entries for the issue of debentures in the following cases:
- ₹ 40,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at par.
- ₹ 70,000; 12% Debentures of ₹ 100 each issued at a premium of 5% redeemable at ₹ 110.
Office Products Ltd, issued on 1st April, 2018, 20,000, 9% Debentures of ₹ 100 each at a premium of 10% redeemable at a premium of 5% after 5 years. Issue price was payable along with application. Pass the necessary Journal entries.
Debenture interest is paid as ______.
Debenture holders are ______.
Interest on Debentures is a charge against ______.
Pick the odd one out.
Premium received on issue of debentures may be utilised for:
