Issue of Debentures -Test 2

T Ltd. purchased land and building from U Ltd. for a value of Rs.2,00,000. The consideration was paid by issue of 12% debentures of Rs.100 each at a discount of 20%. The debentures account will be credited with :

Interest Payable on debentures is

On 31st March, 2012, H limited issued 7% debentures of Rs.100 each at a discount of 20%. Such loss on issue of debentures will be treated as _____

When debentures are issued as collateral security :

Zee Limited purchased a plant from Dee Limited for book value of Rs.4,50,000. The consideration was paid by issue of 15% debentures of Rs.100 each at a discount of 10%. The debenture account will be credited by

Which of the following statement is false with respect to debentures ?

Ram Limited has issued 15% debentures of Rs.20,00,000 a a discount of 10% on April 1, 2012. The company pays interest half yearly on June 30 and Dec 31 every year. On March 31, 2013 the amount shown as ” Interest accrued but not yet due ” in the balance sheet will be :

When debentures are issued as collateral security for a loan then, such debenture holders are entitled for :

On Jan 1, 2014, Y Ltd. obtains a loan from ICIDBI Bank of Rs.10,00,000 at the interest rate of 12.5% p.a. giving as collateral security of Rs.15,00,000,14% first mortgage debentures. ICIDBI Bank is entitled to interest on :

HDFC Ltd. issues 10,000, 12% Debentures of Rs.100 each at Rs.94 on 1st January,2010. Under the terms of issue, 1/5th of the Debentures are annually redeemed by drawings, the first redemption occurring on 31st December, 2010. Calculate the amount of discount to be written off in the year 2013.

Discount on issue of debenture is a :

Tomato Limited purchased machinery from Potato Limited for a book value of Rs.10,00,000. The consideration was paid by issue of 10% debentures of Rs.100 each at a premium of 25%. The debenture account was credited with.

Amit and Anil are partners of a partnership firm sharing profits in the ratio of 5 : 3 with capitals of  Rs.2,50,000 and Rs.2,00,000 respectively. Atul was admitted on the following terms. Atul would pay Rs.50,000 as capital and Rs.16,000 as goodwill for 1/10th share of profit. Find the balance of capital accounts after admission of Atul.

When debentures are issued as collateral security for a loan then such debenture holders are entitled to :

Debenture holders are _____ of the company.

Discount on issue of debenture is a ________  .

When debentures are issued as collateral security, the final entry for recording the collateral debentures in the book is :

A company is an association registered under _______

Which capital is to be stated in the Memorandum of Association ?

Z ltd. was formed with a capital of Rs.10,00,000 divided into shares of Rs.10 each. It offered 90% shares called up 40% on application and 20% on allotment. The subscribers paid Rs.3,40,000 on application and Rs.1,69,000 on allotment. The subscribed capital is _______ .

A company is a person created by ______ .

A company has a separate legal entity from ______ .

A company has perpetual succession which means ______

Subscribed Capital refers to _____

Issued Capital includes ______

Common Seal means the official signature of _______ .

Free transferability of share is the characteristic of the company. It is possessed by ______ .

Issued Capital refers to _____ .

Which is not to be disclosed in the Balance Sheet of a company ?

Which is not correct about the shares of a company ?