Issue and Redem...

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 ___________.

Premium on redemption of debentures account is recorded on issue of debentures.

Debentures can be redeemed out of ___________.

Which of the following statements is false?

Premium on redemption of debenture A/c is a _____.

Debentures premium cannot be used to ____________.

For a share of $$Rs. 20$$ on which $$Rs. 1.6$$ has been called but $$Rs. 10$$ has been paid is forfeited, the share capital account should be debited by ___________. 

In the Balance Sheet of a company, Debenture Premium Account appears under the head:

Convertible Debentures are those debentures which are -

A Ltd. took over the assets of Rs$$3,00,000$$ and liabilities of Rs$$10,000$$ of B Ltd. for an agreed purchase consideration of Rs$$2,70,000$$ to be satisfied by the issue of $$15\%$$ Debentures of Rs$$100$$ each at $$20\%$$ premium. Considering this, which of the following sentences is true?