Chapter 6: Issue and Redemption of Debentures
Part A: Accounting for Partnership Firms and Companies — Chapter 6: Issue & Redemption of Debentures
CBSE Class 12 — Subject: Accountancy — CBSE Board Examinations
Highlight: These MCQs are designed strictly as per the NCERT syllabus, making them ideal for CBSE Class 12 board exams standard.
Content Bank — Chapter 6: Issue & Redemption of Debentures
- Types of debentures: Secured, Unsecured, Convertible, Non-convertible, Redeemable
- Issue at par, premium, discount; underwriting; pro rata allotment
- Interest on debentures, due dates, and accounting treatment
- Redemption methods: lump sum, installments, sinking fund, purchase in open market
- Debenture Redemption Reserve (DRR), capital reserves, creation of Sinking Fund
- Accounting entries for issue, interest, transfer to DRR, redemption at par/premium
- Trustee role, debenture holders' rights and disclosures
- Conversion of debentures into shares — journal entries and accounting effects
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