Tag: book keeping and accountancy
Questions Related to book keeping and accountancy
Premium on redemption of debenture A/c is a _____.
The Debenture Redemption Reserve account appears on the liability side of the balance sheet under the head ___________.
Debentures cannot be redeemed out of :
When the debentures are redeemed, the requisite amount of Debenture Redemption Reserve is transferred to ___________.
No DRR (Debenture Redemption Reserve) is required in case of privately placed debentures.
A price exclusive of the interest for the period for which the seller held the debentures is called _________________.
Withdrawal from DRR is permissible only after ____% of the debenture liability has been redeemed.
Preference shares may be redeemed out of________________.
Company should created DRR equivalent to _____% of the amount of debenture issue before redemption of debenture can commence.
Only fully paid up preference shares may be redeemed.