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3 cards from this section. Quick, good the night before a test.
Define debenture.
Think about what a company uses to borrow money.
What is a secured debenture?
What gives an investor a safety net?
What is a debenture?
Focus on what a company uses to secure funds.
Convertible debentures can be converted into what?
Think about how investors might benefit later.
A company issued 50,000 non-convertible debentures at a face value of ₹100 each at a 10% premium. How much total money did the company raise?
Calculate the total by considering each debenture's issue price.
When redeeming a ₹1,00,000 debenture which pays 5% interest at a premium of 5%, outline the journal entries needed for the redemption.
Remember to reflect the premium in your entries.
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