Company Accounts

Debentures

Easy

common

On Bearer debentures, Interest is paid to a person who produces the .................. attached to such debentures?

Registered Deed

Ownership Papers

Interest Coupon

Interest Certificate

✅ Correct Option: 3

Bearer debentures are transferable by mere delivery and the company keeps no register of their holders. Since ownership cannot be verified from records, interest is paid to whoever presents the detachable coupon attached to the debenture certificate.

Hence the answer is Interest Coupon.

2025: 26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Debenture of Rs 100 issued at Rs 110.	(I) Debenture as collateral security.
(B) Debenture of Rs 100 issued at Rs 100.	(II) Debenture issued at Premium
(C) Debenture of Rs 100 issued at Rs 90.	(III) Debenture issued at par.
(D) Debenture issued to the lender in addition to some other assets already pledged.	(IV) Debenture issued at Discount.

Choose the correct answer from the options given below:

2025: 2 June Shift 2

Discount on issue of 8% debentures is shown in the balance sheet as

2022: 8 Aug Shift 2

When own debentures are cancelled, any profit on cancellation is transferred to:

2025: 13 May Shift 1

X Co. Ltd. purchased assets worth Rs. 28,80,000. It issued debentures of Rs. 100 each at a discount of 4 % in full satisfaction of the purchase consideration. The number of debentures issued to vendors is:

2026: 29 May Shift 1

According to Section 2(30) of the Companies Act, 2013, identify the correct statement out of the following:

2026: 13 May Shift 1

9% Debentures of Rs. 100 each are issued at 5% discount and redeemable at 8% premium, which of the following account will be credited, at the time of issue?

On Bearer debentures, Interest is paid to a person who produces the .................. attached to such debentures?

Solution

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