A company took a loan of Rs. 10,00,000 from Punjab National Bank and issued 10% debentures of Rs. 12,00,000 of Rs. 100 each as a collateral security. What will be the journal entry to record this?

Match List I with List II

Choose the correct answer from the options given below:

Which of the following are the correct statements regarding debentures/debentures interest.

(A) The payment of interest on debentures is a charge on the profits of the company.

(B) Redeemable debentures are those debentures which are payable on the expiry of the specific period.

(C) Debentures cannot be converted into shares.

(D) Perpetual debentures are also known as irredeemable debentures.

Choose the correct answer from the options given below:

ABC Ltd., Issued 3,000, 14% Debentures of Rs. 100 each at a discount of 5% on April 1, 2023. Interest on these debentures is payable annually on March 31 each year. The debentures are redeemable at par in three equal instalments at the end of the third, fourth and fifth year. Discount on issue of debentures is-

XYZ Ltd. purchased assets worth Rs. 3,00,000 from Blue Prints Ltd., and took over its liabilities worth Rs. 20,000 for a purchase consideration of Rs. 3,15,000. XYZ Ltd. paid the purchase consideration by issuing 12% debentures of Rs. 100 each at a premium of 5%.

How many debentures would be issued, if debentures were issued at par?

The money received from applicants to whom no debentures have been allotted will be ________

Suvidha Ltd. purchased machinery worth Rs.1,98,000 from Suppliers Ltd. The payment was made by issue of 12% debentures of Rs.100 each. How many debentures will be issued at a 10% discount?