Class XII

A debenture holder has no__________
  1. -------------------------------------------------------------------------------- Right for Redemption of Debentures
  2. Right for interest on debentures
  3. None of these
  4. Voting Right
Vinod Limited offered 10,000 debentures @ 100 each at a premium of 10%. The issue was oversubscribed by 3 times. Company made full allotment to 2,000 applicants and pro-rata allotment to the applicants of 18,000 debentures. How many applications were rejected?
  1. 20,000
  2. 12,000
  3. 18,000
  4. 10,000
When a company issue its debentures at discount, the amount of discount is considered as a:
  1. Normal Loss
  2. Revenue Expense
  3. Capital loss
  4. Capital gain
In Which account the balance of DRR is transferred after the redemption of debentures?
  1. General Reserve
  2. Securities Premium Reserves
  3. Debenture Redemption Reserve
  4. Capital Reserve
Payment of debentures is made before the __________
  1. None of these
  2. Payment of Share Capital
  3. Payment of Profit
  4. Payment of Dividend
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