Tag: company accounts part - 2 (accounting for debentures)

Debentures which are convertible into shares at the option of the shareholders according to the terms of the issue are known as ____________.

Which of these statement is not true about debenture holders?

Which of the following is incorrect?

Use the following information for questions given below:
Consider the following data pertaining to A Ltd. as on March $31, 2006$:
Share Capital
Issued, subscribed and called-up $(20,000$ shares of $Rs. 100$ each) $Rs. 20,00,000$
Calls-in-arrear $Rs. 10,000$
Profit and loss account (Cr.) as on April $01, 2005\ Rs. 1,20,000$
Profit for the year $Rs. 2,60,000$
The company wants to create a Debenture Redemption Reserve and to transfer $Rs. 50,000$ every year out of profits to redeem the debentures.
The company declared $10$% dividends.
The amount of dividend declared will be _______________.

In case of an Issue of a debenture of Rs$100$ at $Rs110$, Rs$10$ is to be credited to:

Redeemable debentures are those which are payable on the expiry of the ______ period either in lump sum or in installments during the life time of the company. 

Debentureholders having a floating charge have priority in payment over _________________.

The term debenture includes _________.

Debentures entails payment of fixed rate of interest until ____________.

_____are those debentures where the debenture holder have no option to convert into equity.