Question
What is debenture?

Answer

Coming soon ...

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

On $1-8-2017,$ Jugal Ltd. issued $8,000, 9\%$ debentures of $₹ 100$ each at par. These debentures are to be redeemed on $31-7-2022$ at $₹ 120$ per debenture. Pass the necessary journal entries in the books of the company for the issue and redemption of debenture. $($without narration$)$
$\mathrm{M}, \mathrm{N}$ and $\mathrm{O}$ are the partners sharing profit and loss in the ratio of $3: 2: 1 . \mathrm{M}$ retires $\mathrm{N}$ is acquiring $\frac{1}{10}$ from $\mathrm{M}^{\prime}$ s share and balance is acquired by $\bigcirc$.
A partner withdraws identical amount at the end. of each month from the firm. At the end of the year total annual drawings is $₹ 12,000, 12\%$ p.a. interest is chargeable on drawings. Determine the amount of interest on drawings of the year.
Jay Limited, made a first call of $₹ 2$ per share on its $50,000$ shares. One shareholder holding $1000$ shares did not pay the first call, but he paid due amount on first call after one month. Remaining all shareholders were paid all the amounts due on due dates.
Write journal entries in respect of above transactions in the books of company.
Ajay and Dinesh are the partners of a firm. Their capital ratio is 3:2. Ajay is to be paid 9% commission on net profit after deduction of such commission. What amount will be received by Ajay if profit of the year is $₹ 1,63,500 ?$
Nirali and Aaradhya are partners in a firm sharing profit and loss in the ratio of $4: 1$. They decide to share profit and loss in the ratio of $1: 3$ in future. In these circumstances, calculate which partner has sacrificed and how much ?
Pass journal entries at the time of dissolution for the following transactions.
(1) In the balance sheet Land-building $₹ 8,00,000$ and Investments of $₹ 2,00,000$ are disclosed respectively $₹ 9,00,000$ and $₹ 1,50,000$ are realised from them.
(2) Goodwill is not disclosed in the book. But $₹ 50,000$ are realised during dissolution.
(3)Income tax liability is now payable $₹ 30,000$ is not recorded in the book, which is now paid.
Surabhi and Vismay are partners of a firm. Surabhi withdraws $₹ 800$ in the beginning of every month. Vismay withdraws $₹ 900$ at the end of every month. What will be the difference in amount of interest of both partners, if interest is charged at $12 \%$ p.a. $?$
Explain the functional classification of ratios.
Write adjustment entries for the following adjustments :
Closing stock of stationery at the end of the accounting period is $₹ 250.$