Debentures that are repaid before other debentures are repaid are known as ________ debentures.

Q. When debentures are repaid ___ a/c is debited and ___ is credited.

Q. State True/False with reasons:
Redeemable debentures are repaid on winding up of the company.

Q. Irredeemable debentures are also known as ________ debentures.

Q.

X.Ltd. issued 15,000, 10% debentures of Rs 100 each. Give journal entries and the Balance Sheet in each of the following cases:

(i) The debentures are issued at a premium of 10%;

(ii) The debentures are issued at a discount of 5%;

(iii) The debentures are issued as a collateral security to bank against a loan of Rs 12,00,000; and

(iv) The debentures are issued to a supplier of machinery costing Rs 13,50,000.

Q. When debentures are issued at a discount & redeemed at a premium, we route discount on issue of debentures a/c through on issue of debentures a/c.