X Ltd takes over Y Ltd and agrees to discharge debenture holders of Y Ltd at a premium of 5%. The premium should be debited to ………

Related MCQs

• According to SEBI guidelines, a Company will have to create debenture redemption reserve equivalent to the amount of the following percentage of debenture issued:
• Debenture holders are ….of the company
• Debenture holders will get ……..
• Debenture holders are the ……….of a company
• Debenture holders are ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of a company.
• A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed. It is a case of:
• Any excess amount paid to preference share holders is debited to ------ --- account
• Which of the following a/c is debited when statutory reserve of the transferor company is taken over by the transferee company?
• Once the share premium account is credited the same, if the premium is not received.
• If AB Ltd buys more than 50% of the shares in CD Ltd then which of the following statements accurately summarizes the relationship between these two firms?