Tag: accounting effects for redemption of debentures
Questions Related to accounting effects for redemption of debentures
From the point of view of mode of Redemption, the debentures are classified as -
Debenture Redemption Premium Account is a -
X Ltd issues $500, 15\%$ Debentures of Rs$100$ each on $1st$ May at a discount of $10\%$ redeemable at a premium of $5\%$ after $4$ years. Interest was payable half yearly on $30th$ June and $31st$ December. The amount of interest accrued but not due to be shown in the balance sheet as at $31st$ March is-
Which of the following is not true about Debenture Redemption Reserve(DRR)?
On $1$st April X Lts. issued Rs$1,00,000 15\%$ Debentures of Rs$10$ each at $94\%$ redeemable at per as follows:
| Yearend | Nominal value of Total Debentures to redeemed |
|---|---|
| 2 | 10% |
| 3 | 20% |
| 4 | 30% |
| 5 | 40% |
The amount of discount to be written off each year assuming that the company closes its accounts on financial year basis is -
On $1$st April X Lts. issued Rs$1,00,000 15\%$ Debentures of Rs$10$ each at $94\%$ redeemable at per as follows:
| Year beginning | Nominal value of Total Debentures to redeemed |
|---|---|
| 2 | 10% |
| 3 | 20% |
| 4 | 30% |
| 5 | 40% |
The amount of discount to be written off each year assuming that the company closes its accounts on financial year basis is -
When the owners debentures are cancelled any profit on cancellation is transferred to __________.
X. Ltd. issued $500, 15\%$ Debentures of Rs$100$ each at a discount of $10\%$ redeemable at a premium of $5\%$ after $4$ years. The amount of annual interest on Debentures is -
X.Ltd. issued Rs$1,00,000$ $12\%$ debentures of Rs$100$ each at a premium of $10\%$, which are redeemable after $10$ years at a premium of The amount of loss on redemption of debentures to be written off every year= ?
Debenture premium cannot be used to -