Accounting for ...

Why is premium on the issue of debentures considered as a capital profit

When an instrument is issued without interest rate and issue price is thereby discounted, the issue of such instrument is called ----

Vinod Limited has 5,000, 11% Debentures which are to be redeemed within the 8 Months from the date of previous balance sheet. How will you show these debentures in the balance sheet?

Interest on debentures will be paid to debenture holders _________

Vinod Limited issued 12%, 1,000 Debentures @ 100 each at a premium of 10%. What will be the first journal entry?

Debentures cannot be issued by_________

Vinod Limited invited applications for 2,000, 11% Debentures @ 100 each. The issue was oversubscribed by 5 times. What is this situation called?

While passing the entry for refund of money if the applications are rejected. Which account should be credited

Vinod Limited invited applications for 2,000, 11% Debentures @ 100 each. The company received application only for 1900 debentures. What is this situation called?

A debenture of Rs. 100 is issued at Rs. 110.It is an example of