Debentures Questions

ABC Industries Ltd. issued $2,000$, $10\%$ Debentures of $\text{Rs. }100$ each, at a premium of $\text{Rs. }10$ per debenture payable as follows: On application $\text{Rs. }50$ On allotment $\text{Rs. }60$. The debentures were fully subscribed, and all money was duly received. The amount of long-term borrowings on the balance sheet will be:

Which of the following statements about debentures is FALSE?(A) Debenture is a part of owned capital.(B) Debentures cannot be converted into shares.(C) Redeemable debentures are those debentures, which are payable on the expiry of the specific period.(D) Debentures cannot be issued at a premium.Choose the correct answer from the options given below:

Match List-I with List-IIList-I (Debenture Type)List-II (Meaning)(A) Redeemable Debenture(I) Payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.(B) Perpetual Debenture(II) Company does not give any undertaking for the repayment of money borrowed by issuing such debentures.(C) Specific Coupon Rate Debenture(III) Issued with a specified rate of interest, which is called the coupon rate.(D) Bearer Debenture(IV) Can be transferred by way of delivery and the company does not keep any record of the debenture.Choose the correct answer from the options given below:

A debenture which is transferable merely by physical delivery is a: