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Issue and Redem...

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  • Question 1
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    Whenever debentures are cancelled any profit on cancellation is transferred to ___________________.

  • Question 2
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    As per SEBI Guidelines Debenture Redemption reserve is required to be created in case the company issue debentures with a maturity of __________.

  • Question 3
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    When debentures are redeemed out of profits the accounting entry for redemption is:

  • Question 4
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    Manoj Industries issued 10,000.15% debentures of Rs. 100 each at 10% premium but redeemed at par. How would you journalise the transaction ?

  • Question 5
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    Which of these is not a method of redemption of debentures ?

  • Question 6
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    Company should created DRR equivalent to _____% of the amount of debenture issue before redemption of debenture can commence.

  • Question 7
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    Murlidhar Industries issued 10,000.10% debentures of Rs. 100 each at 10% discount and redeemable at 10% premium. What is the required journal entry?

  • Question 8
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    Preference shares may be redeemed out of________________.

  • Question 9
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    Which of the following accounts can be transferred to capital redemption reserve account?

  • Question 10
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    When Debentures are issued which are redeemable at a premium, the amount of premium payable on redemption is?

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