Premium received on issue of debentures may be utilised for

Related MCQs

• In case debentures of Rs. 10,000 are issued at par but payable at a premium of 10% the premium payable will be debited to:
• If 500 shares of 10 issued at a premium of 1 on which 9 (including premium) have been called and 7 including premium have been paid are forfeited, the forfeiture account should be credited by :
• Premium received on issue of shares is shown on-----------.
• Premium received on issue of shares cannot be utilized for ---------.
• . Unsecured debentures are called as ……………….debentures
• The Principal amount of debentures will be repaid by the company either at the end of a specified period or by instalments during the life time of the company. Such types of debentures are called :
• The debentures whose principal amount is not repayable by the company during its life time, but the payment is made only at the time of Liquidation of the company, such debentures are called :
• The balance sheet of the debentures sinking fund after redemption of debentures is credited at the end of the accounting period to:
• The amount paid as premium for an insurance policy taken for redemption of debentures is credited at the end of the accounting period to:
• When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to