Accounting for ...

Match the following types of debentures

a. Security Debentures (i) Can exchange their debentures for share

b. Priority Debentures (ii) Repaid before the other debenture

c. Convertibility Debentures (iii) Secured by a fixed charge

Options are

Interest on debentures will be paid to debenture holders _________

If a company issues its debentures at premium and receive excess applications out of which some are rejected and pro-rata allotment made to the remaining. Full amount is payable on application only. What journal entries will you record?

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

Debenture Allotment Account is a..................................

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

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

Which of the following is not a regular method of redemption of debentures?

Debentures are generally secured by __________

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