Debenture premium can be used to :
  • Write off the discount on issue of shares or debentures
  • Write off the premium on redemption of shares or debentures
  • Write off capital loss
  • All of the above
Which of the following is false ?
  • A company can issue redeemable debentures
  • A company can issue debentures with voting rights
  • A company can buy its own shares
  • A company can buy its own debentures
Debenture is the part of:
  • Share Capital
  • Long-term Borrowings
  • Owned Capital
  • None, of these
Consideration of Debenture is:
  • Profit
  • Dividend
  • Interest
  • None of these
Premium on Redemption of Debenture A/c is.:
  • Asset
  • Liability
  • Expense
  • Revenue
Loss on issue of debentures is recorded as :
  • Intangible Asset
  • Current Asset
  • Current Liability
  • Miscellaneous Expenditure
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