(i) Debentures are________ of the company.(ii) Debenture - holders are ___________ of the company.(iii) Debentues Account is always credited with the__________ value of the debentures.(iv)Interest on debentures is paid whether the company _________ or _____________.(v) An entry may or amy not be passed in theBooks of Account for Debentures issued as ___________. (vi) ________ isnot paid on Debentures issued as collateral security.(vii) __________ is written off in the year when debentures are issued(viii)Discount or Loss on Issue of Debentures is written off in the year when debentures are issued first from __________ . (ix)A company has loss onIssue of Debentures ofRs.50,000 . It has a balance in Securities Premium Reserve of Rs. 25,000. It Will debit_______ by Rs.25,000 and __________ by Rs.22,000 in the year of issue.(x) A company has issued 5,000 , 7% Debentures of Rs. 100 each at a price of Rs.94 . It will credit 7%Debentures Account by ____________.(xi) A company has issued 5,000 , 7% Debentures of Rs. 100 each at a price of Rs.94 . It will credit 7%Debentures @ ____________ on ____________.(xii) Discount or Loss onIssue of Debentures Account will not have __________at the year end.

(i) Debentures are________ of the company.(ii) Debenture - holders are

1.	(i) Debentures are________ of the company.(ii) Debenture - holders are ___________ of the company.(iii) Debentues Account is always credited with the__________ value of the debentures.(iv)Interest on debentures is paid whether the company _________ or _____________.(v) An entry may or amy not be passed in theBooks of Account for Debentures issued as ___________. (vi) ________ isnot paid on Debentures issued as collateral security.(vii) __________ is written off in the year when debentures are issued(viii)Discount or Loss on Issue of Debentures is written off in the year when debentures are issued first from __________ . (ix)A company has loss onIssue of Debentures ofRs.50,000 . It has a balance in Securities Premium Reserve of Rs. 25,000. It Will debit_______ by Rs.25,000 and __________ by Rs.22,000 in the year of issue.(x) A company has issued 5,000 , 7% Debentures of Rs. 100 each at a price of Rs.94 . It will credit 7%Debentures Account by ____________.(xi) A company has issued 5,000 , 7% Debentures of Rs. 100 each at a price of Rs.94 . It will credit 7%Debentures @ ____________ on ____________.(xii) Discount or Loss onIssue of Debentures Account will not have __________at the year end.
Answer» Solution :[(i)borrowing; (II) lenders; (iii) nominal(face); (IV) earns PROFIT, incurs; (v) collateral security; (VI) INTEREST ; (vii) Discount or Loss on Issue of Debentures; (viii) Securities Premium Reserve ; (ix) Securities Premium Reserve, Statement of Profit and Loss (finance Cost); (x) Rs.5,00,000; (xi) `7%` , Rs.5,00,000; (xii) balance,]

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