Tag: accounting effects for redemption of debentures
Questions Related to accounting effects for redemption of debentures
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.
Premium on redemption of debentures account is recorded on issue of debentures.