A reserve created for redemption of debentures at a future date:

Related MCQs

• 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:
• A reserve is created but its identity is merged with some other account or group of accounts so that the existence of the reserve is not known:
• . 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 :
• Interest on debentures and unsecured loan is payable upto the date of actual payment
• …… is a secret reserve usually created to provide for the loss by way of fluctuation in the value of investment
• M draw a 3 months bill of exchange of ` 20,000 on T on 1st April 07. On due date T paid ` 4,000 and requested M to draw another bill of exchange for 2 months. On the due date of second bill of exchange T is declared insolvement and a dividend of 25 paisa in a rupee is expedited to be realized from his assets. Find the amount receivable from T in respect of the outstanding bill of exchange
• These are the reserves created only to strengthen the financial position or the business and to keep the funds available for any future contingency or expenditure that may be required: