Worksheet is the device that has been used for assisting the accountant in performing certain task. It is simply a rough sketch of final account made by accountant. It is a columnar sheet of paper uses in the accounting cycle to facilitate the work of making adjusting and closing entries and preparing financial statements .

Financial statements are the summary reports of a company's financial transactions to a particular period.

The features of Debenture are as follows:

1. Written promise: It is written promise issued to the lender that states the payment of the value of loan in a specified period of time .

2. Face value : A debenture has a fixed face value. It is generally Rs. 1,000.

3.Rate of interest: The rate of interest is fixed and paid every year.

4. Maturity period: Debenture is redeemable (payable) at a fixed and specified period of time which is called maturity period

5. Long term : It is form of long term...

A debenture is a document which refers to undertaking of the company,in writing for acknowledging a debt and containing a contract of the repayment of the principal sum at a specific period and for payment of interest at a fixed rate. Debenture is a long term loan.

When a share is issued at price which is excess than the par value, it is said to be issue of share at premium .

When the shares are alloted in a proportionate basis in case of oversubscription of shares , it is called pro-rata allotment of shares .

The situation, when a company may recive share application for at least 50%of it's issued capital, is called minimum subscription of shares.