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:

Related MCQs

• 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 :
• Madhu Ltd. forfeited 800 shares of `10 each issued at 10% premium to Shyam (` 9 called up) on which he did not pay ` 3 of allotment (including premium) and first call of `2. Out of these, 600 shares were re-issued to Ram as fully paid up for `9 per share. What is to amount to be transferred to capital Reserve?
• Debentures issued as Collateral Security for Rs. 10,000 will be debited to:
• If debentures of the nominal value of Rs. 1,00,000 are issued at discount of 10% for net assets worth Rs. 80,000, the balance of Rs. 10,000 will be debited to:
• 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 :
• When forfeited shares (which were originally issued at a discount ) are reused at a premium, the amount of such premium will be credited to
• . 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 balance sheet of the debentures sinking fund after redemption of debentures is credited at the end of the accounting period to:
• The premium paid on the life policy of the proprietor is debited to