2.3 - Issue of Debentures
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Practice Questions
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What is a debenture?
💡 Hint: Think about what a company uses to borrow money.
Name one type of debenture.
💡 Hint: Recall the classifications we discussed.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is a debenture?
💡 Hint: Think of it like a receipt for a loan.
Convertible debentures can be converted into:
💡 Hint: Think about what it means to convert.
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Challenge Problems
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A company issues ₹200,000 worth of 10% debentures at a premium of 10%. What are the total funds received, and show the journal entries.
💡 Hint: Calculate the total funds first.
A company has issued defaulting debentures. Explain the steps involved in handling default of debenture repayment.
💡 Hint: Consider what actions are required to address defaults.
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