Methods of redemption of debentures - class-XII
Description: methods of redemption of debentures | |
Number of Questions: 37 | |
Created by: Neema Pandya | |
Tags: accounting for share capital and debentures company accounts - redemption of debentures elements of accounts book keeping and accountancy accounting for debentures accountancy issue and redemption of debentures company accounts (debentures) |
Which of these is not a method of redemption of debentures ?
Debentures can be redeemable at discount.
Debentures can be redeemed _____________.
When a company issues debenture, it usually mentions the terms on which they will be redeemed on their maturity.
Debentures can be issued at par and redeemable at par.
Premium on redemption is a/an ____________ of a company payable in future.
Premium on redemption of debenture A/c is a _____.
The Debenture Redemption Reserve account appears on the liability side of the balance sheet under the head ___________.
Debentures cannot be redeemed out of :
When the debentures are redeemed, the requisite amount of Debenture Redemption Reserve is transferred to ___________.
No DRR (Debenture Redemption Reserve) is required in case of privately placed debentures.
A price exclusive of the interest for the period for which the seller held the debentures is called _________________.
Withdrawal from DRR is permissible only after ____% of the debenture liability has been redeemed.
Preference shares may be redeemed out of________________.
Company should created DRR equivalent to _____% of the amount of debenture issue before redemption of debenture can commence.
Only fully paid up preference shares may be redeemed.
Premium on redemption of debentures account is recorded on issue of debentures.
As per SEBI Guidelines Debenture Redemption reserve is required to be created in case the company issue debentures with a maturity of __________.
Preference shares amounting to Rs. $2,00,000$ are redeemed at a premium of $5$% by issue of shares amounting to Rs. $1,00,000$ at a premium of $10$%. The amount to be transferred to capital redemption reserve ___________.
Which of the following accounts can be transferred to capital redemption reserve account?
Debentures premium cannot be used to ____________.
Capital redemption reserve account is prepared when ___________.
Which of the following statements is false?
Debenture Premium Account is a -
From the point of view of tenure, the debentures are classified as -
Convertible Debentures are those debentures which are -
In the Balance Sheet of a company, Debenture Premium Account appears under the head:
From the point of view of mode of Redemption, the debentures are classified as -
Debenture Redemption Premium Account is a -
X Ltd issues $500, 15\%$ Debentures of Rs$100$ each on $1st$ May at a discount of $10\%$ redeemable at a premium of $5\%$ after $4$ years. Interest was payable half yearly on $30th$ June and $31st$ December. The amount of interest accrued but not due to be shown in the balance sheet as at $31st$ March is-
Which of the following is not true about Debenture Redemption Reserve(DRR)?
On $1$st April X Lts. issued Rs$1,00,000 15\%$ Debentures of Rs$10$ each at $94\%$ redeemable at per as follows:
Yearend | Nominal value of Total Debentures to redeemed |
---|---|
2 | 10% |
3 | 20% |
4 | 30% |
5 | 40% |
The amount of discount to be written off each year assuming that the company closes its accounts on financial year basis is -
On $1$st April X Lts. issued Rs$1,00,000 15\%$ Debentures of Rs$10$ each at $94\%$ redeemable at per as follows:
Year beginning | Nominal value of Total Debentures to redeemed |
---|---|
2 | 10% |
3 | 20% |
4 | 30% |
5 | 40% |
The amount of discount to be written off each year assuming that the company closes its accounts on financial year basis is -
When the owners debentures are cancelled any profit on cancellation is transferred to __________.
X. Ltd. issued $500, 15\%$ Debentures of Rs$100$ each at a discount of $10\%$ redeemable at a premium of $5\%$ after $4$ years. The amount of annual interest on Debentures is -
X.Ltd. issued Rs$1,00,000$ $12\%$ debentures of Rs$100$ each at a premium of $10\%$, which are redeemable after $10$ years at a premium of The amount of loss on redemption of debentures to be written off every year= ?
Debenture premium cannot be used to -