When debentures are issued at premium and redeemed at premium, the journal entry will have the following combination: (A) Discount on issue of debentures account is credited (B) Loss on issue of debentures account is debited (C) Securities premium account is credited (D) Premium on redemption of debentures account is credited Choose the correct answer from the options given below:

400 shares of ₹50 each issued at par were forfeited for non-payment of final call of ₹10 per share. The shares were reissued at ₹45 per share as fully paid-up. The amount transferred to capital reserve is:

Arrange the following in the correct sequence in the context of debenture. (A) Payment to debenture-holders (B) Creation of DRR (C) Issue of debentures (D) Redemption becomes due Choose the correct answer from the options given below:

Match List-I with List-II List-I (Name of account to be debited or credited, when Shares are forfeited) | List-II (Amount to be debited) (A) Shares Capital Account | (I) Debited with amount not received (B) Shares Forfeited Account | (II) Credited with amount not received (C) Cal…

If a delay occurs beyond 8 days in refunding the subscription amount, failing to gather the minimum subscription, from the date of closure of the subscription list, the company shall be liable for interest at the rate of:

A company can accept calls in advance, if authorised by:

A, B and C are partners sharing profits in the ratio of 3:2:1. C died on 1st July, 2023. On this date, final accounts were prepared to ascertain profits for the period. It resulted in a profit of ₹1,75,000 to the firm. To give effect to the above:

On the date of admission of a partner there was a balance of ₹45,000 in the account of machinery. It was found undervalued by 10%. The value of machinery will appear in the new Balance Sheet at:

Dividend received is: