Issue of Debentures

Which of the following is correct with respect to debentures

• They can be issued on credit

• They can be issued for consideration other than cash

• They cannot be issued as collateral security

• They can be issued partly on credit and partly in cash

Debentures can be issued at

• Par

• Premium

• Discount

• Par or Premium or Discount

Debentures are shown in the balance sheet of a company under the head of

• Non current liabilities

• Current liabilities

• Share Capital

• None of these

Debenture interest is paid

• At a predetermined rate

• At variable rate

• At a rate based on net profit of the company

• At a rate as determined by the company from time to time

Debenture holders are

• Owners of the company

• Lenders of the company

• Vendors of the company

• Customers of the company