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Accounting for ...

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  • Question 1
    1 / -0

    Vinod Limited is engaged in a banking business and has to redeem its debentures worth ₹40,000 by paying a lump sum amount to the debenture holders. How much DRR company should create?

  • Question 2
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    Vinod Limited acquired assets of Rs.20 Lakhs and took over creditors of ₹2,00,000 from Kumar Enterprises. Vinod Limited issued 8% Debenture of Rs.100 each at par as purchase consideration. Find out how many debenture issued by the company?

  • Question 3
    1 / -0

    Vinod Limited acquired assets of ₹50 Lakhs and took over creditors of ₹5,00,000 from Kumar Enterprises. Vinod Limited issued 8% Debenture of ₹100 each at a premium of 25% as purchase consideration. Calculate the number of debentures issued by the company.

  • Question 4
    1 / -0

    What journal entry will take place for the transfer of gain on cancellation of own debentures?

  • Question 5
    1 / -0

    Why does a company purchase its own debentures from the open market?

  • Question 6
    1 / -0

    In Which account the balance of DRR is transferred after the redemption of debentures?

  • Question 7
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    Redemption of Debentures means……

  • Question 8
    1 / -0

    Debentures which are not repayable during the lifetime of the company are called…..

  • Question 9
    1 / -0

    Creation of DRR is compulsory in case of …….

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