What is meant by a Debenture? Post category:Accountancy Reading time:1 mins read SOLUTION Debenture is a written instrument issued by the company, given under the seal of the company, acknowledging a debt and containing provisions in respect of repayment of principal and the payment of interest at a fixed rate. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostDetermine the maximum permissible discount which a company can allow at the time of reissue of forfeited shares in the following cases: (i) A share of Rs. 100 originally issued at par on which application and allotment money of Rs. 60 has been received. (ii) A share of Rs. 100 originally issued at a premium of Rs. 20 on which application and allotment money (including premium) of Rs. 60 has been received. (iii) A share of Rs. 100 originally issued at a premium of Rs. 20 on which application and allotment money (excluding premium) of Rs. 60 has been received. Next PostGive any two characteristics of debenture. You Might Also Like X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Investments appeared at Rs. 80,000. Half of the investments to be taken by X and Y in their profit-sharing ratio at book value. Remaining investments were valued at Rs. 50,000. Pass the necessary Journal entries. August 1, 2022 A and B are partners in a firm. The net profit of the firm is divided as follows: 1/2 to A, 1/3 to B and 1/6 carried to a Reserve. They admit C as a partner on 1st April, 2019 on which date, the Balance Sheet of the firm was: August 1, 2022 A company receives a dividend of Rs. 2 Lakhs on its investment in other company’s shares. Will it be cash inflow from operating or investing activities in case of a (i) Finance Company; (ii) Non-finance Company? October 6, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Investments appeared at Rs. 80,000. Half of the investments to be taken by X and Y in their profit-sharing ratio at book value. Remaining investments were valued at Rs. 50,000. Pass the necessary Journal entries. August 1, 2022
A and B are partners in a firm. The net profit of the firm is divided as follows: 1/2 to A, 1/3 to B and 1/6 carried to a Reserve. They admit C as a partner on 1st April, 2019 on which date, the Balance Sheet of the firm was: August 1, 2022
A company receives a dividend of Rs. 2 Lakhs on its investment in other company’s shares. Will it be cash inflow from operating or investing activities in case of a (i) Finance Company; (ii) Non-finance Company? October 6, 2022