(i) Debenture is an evidence of company's borrowig.(ii) Share are not borrowing of a company whereas Debentures are borrowings of the companu.(iii) Unlike shares, debentures can be issued at a discount. (iv) ABC Ltd . Issued 10,000, 8% Debentures of Rs. 100 each at Rs. 98 . it is a case of issue of debentures at premium.(v) Debentures may or may not secured by a charge on the assets of the company.(vi)Debentureare relatively riskier than shares.(vii) Debentures are repaid after repayment ofshare capital.(viii)Debentures are normally shown asLong - term Borrowings under Non - current Liabilities.(ix) Debentures , out of Long - term Borrowings , that are due for redemption within 12 Months from the date of Balance Sheet are shown as Short - term Borrowings.(x) Debenturesarealways issued payable in lumpsum.(xi) Premium received on Debentures is Credited to Securities Premium Reserce.(xii) A company has issued 5,000, 10% Debentures of Rs.1,000 each as security for a loan of Rs. 75,00,000. It may or may not pass anentry for theissue of such debentures.(xiii) Purchase consideration can be paid partly by cheque . an acceptance and balance by issue of debentures at par or discount orpremium.(xiv) Loss on issue of Debentures is written off in the year the debentures areissued fromStatement of profit and loss alone.(xv) Loss on Issue of Debentures is written off in the year the debentures are issued from Securities Premium Reserve , if it exists and then from Statement of Profit and Loss.(xvi) Debentures Account is credited withthe amount received for the debentures.

(i) Debenture is an evidence of company's borrowig.(ii) Share are not

1.	(i) Debenture is an evidence of company's borrowig.(ii) Share are not borrowing of a company whereas Debentures are borrowings of the companu.(iii) Unlike shares, debentures can be issued at a discount. (iv) ABC Ltd . Issued 10,000, 8% Debentures of Rs. 100 each at Rs. 98 . it is a case of issue of debentures at premium.(v) Debentures may or may not secured by a charge on the assets of the company.(vi)Debentureare relatively riskier than shares.(vii) Debentures are repaid after repayment ofshare capital.(viii)Debentures are normally shown asLong - term Borrowings under Non - current Liabilities.(ix) Debentures , out of Long - term Borrowings , that are due for redemption within 12 Months from the date of Balance Sheet are shown as Short - term Borrowings.(x) Debenturesarealways issued payable in lumpsum.(xi) Premium received on Debentures is Credited to Securities Premium Reserce.(xii) A company has issued 5,000, 10% Debentures of Rs.1,000 each as security for a loan of Rs. 75,00,000. It may or may not pass anentry for theissue of such debentures.(xiii) Purchase consideration can be paid partly by cheque . an acceptance and balance by issue of debentures at par or discount orpremium.(xiv) Loss on issue of Debentures is written off in the year the debentures areissued fromStatement of profit and loss alone.(xv) Loss on Issue of Debentures is written off in the year the debentures are issued from Securities Premium Reserve , if it exists and then from Statement of Profit and Loss.(xvi) Debentures Account is credited withthe amount received for the debentures.
Answer» Solution :[(i) True ; (ii) True; (iii) True; (iv) FALSE; (v) True; (vi) False; (VII) False; (viii) True; (ix) False; (X) False; (xi) True; (xii) True; (xiii) True; (xiv) False; (XV) True; (xvi) False.]

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