alleryStart learning →Home › Bihar Board Class 12 (Commerce) › Accountancy › Issue and Redemption of Debentures › On allotment, application money is transferred f…
On allotment, application money is transferred from Debenture Application A/c to
ADebentures A/c
BBank A/c
CPremium A/c
DInterest A/c
Answer & Solution
Correct answer: A. Debentures A/c
The accepted application money becomes part of debentures, so Debentures Account is credited.
Related questions
Unlike shares, debentures are generallySection 2(30) of the Companies Act, 2013 definesTraditionally, bonds were issued by theWhich investment qualifies for debenture redemption?Amounts invested for redemption can be used only forDebentures of Rs. 3,00,000 mature in January 2018. The investment needed by April 30, 20174,000 debentures of Rs. 100 mature next year. Minimum investment due by April 30?A company may redeem debentures before maturity if