List of top Accountancy Questions on Debentures asked in PSEB XII

Ambuja Ltd. issued for public subscription 2,00,000 equity shares of ₹20 each at a premium of ₹10 per share payable as under:
On Application ₹10
On Allotment ₹14 (including premium ₹10)
On First & Final Call ₹6
Applications were received for 3,00,000 shares. Allotment was made on pro-rata basis and excess application money was adjusted towards allotment. Pooja, who applied for 3,600 shares, failed to pay allotment and call money and her shares were forfeited. Two-third of the forfeited shares were re-issued to Sandeep as fully paid-up at ₹16 per share. Pass the necessary journal entries.
ABC Ltd. invited applications for issuing 30,000, 10% debentures of ₹100 each at a premium of ₹50 per debenture. The full amount was payable on application. Applications were received for 50,000 debentures. Applications for 10,000 debentures were rejected and the pro-rata application money was refunded. Debentures were allotted to the remaining applicants on pro-rata basis. Pass the necessary journal entries in the books of ABC Ltd.
Write any four differences between Share and Debenture.
What are Convertible and Non-convertible Debentures?
Explain redemption of debentures by draw of lots.
Debenture holders are entitled to get __________. (dividend/interest)
What are the convertible and non-convertible debentures?
Do any three questions out of four questions. Each question carries 4 marks.
(i) Write any four differences between 'Share' and 'Debenture'.
Explain redemption of debentures by draw of lots.
ABC Ltd. invited applications for issuing 30,000, 10% debentures of ₹100 each at a premium of ₹50 per debenture. Applications were received for 50,000 debentures. The full amount was payable on application. Applications for 10,000 debentures were rejected and the application money was refunded. Debentures were allotted to the remaining applicants on a pro-rata basis.
Pass the necessary journal entries for the above transactions in the books of ABC Ltd.
Debenture holders are entitled to get _________. (dividend/interest)