Accounting for ...

Maximum discount limit on issue of debentures is

Vinod Limited issued 20,000; 11% Debentures of ₹100 each at a premium of 20% redeemable at a premium of 5% after 5 years. Calculate the amount payable as premium on redemption of debentures?

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?

Vinod Limited has to redeem its debentures worth Rs.60,000 by paying a lump sum amount to the debenture holders. How much DRR company should create?

Vinod Limited has to redeem its debentures worth Rs.80,000 by paying a lump sum amount to the debenture holders. There is balance available in the DRR ₹9,000. How much DRR company must create to fulfil as per the Rule?

Vinod Limited has to redeem its debentures worth ₹1,00,000 by paying a lump sum amount to the debenture holders. There is balance available in the DRR ₹14,000. How much DRR company must create if the redemption is made purely out of the profits?

A Debenture of a company represents

Creation of DRR is compulsory in case of …….

What journal entry will take place when a company purchases its own debentures from the open market?

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

When a company issue some debentures for a longer period with the charge of some assets they are called ________

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

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

Formula for calculation of no. of debentures issued______________________.

Vinod Limited redeem its 500 debentures of 100 each by purchasing these debentures at ₹94 from the open market for cancellation. Calculate the profit on cancellation of own debentures.

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?

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

Redemption of Debentures means……

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.

Which of the following is not correct?