When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to :
  • Profit & Loss A/c
  • Debenture Application and Allotment A/c
  • Loss on Issue of Debentures A/c
  • Premium on Redemption A/c
Own debentures are those debentures of the company which ?
  • The company allots to its own promotors
  • The company allots to its directors
  • The company purchases from the markets and hold them as investments
  • None of these
Profit on sale of debentures redemption fund investment in the first instance in credited to :
  • Debenture Redemption Fund A/c
  • Profit & Loss Appropriation A/c
  • General Reserve A/c
  • Sinking Fund A/c
When debentures are issued at a discount and are redeemable at a premium, which of the following accounts is debited at the time of issue ?
  • Debentures A/c
  • Premium on Redemption of Debentures A/c
  • Loss on Issue of Debentures A/c
  • Profit & Loss A/c
According to SEBI guidelines what percentage of the amount of debentures must be transferred to Debenture Redemption Reserve, before the commencement of redumption of debentures, in case of convertible debentures ?
  • 25%
  • 50%
  • 100%
  • zero
Profit on redemption of debentures in transferred to which account ?
  • Capital Reserve Account
  • Sinking Gund Account
  • General Reserve Account
  • Profit & Loss Account
Profit on cancellation of own debentures is :
  • Revenue Profit
  • Capital Profit
  • Operating Profit
  • Trading Profit
6,000 debentures of ₹ 10 each where discharged by issuing equity shares of ₹ 10 each at 20% premium. The number of shares issued will be :
  • 50,000
  • 60,000
  • 5,000
  • 6,000
Every company required to create DRR shall on or before the 30th April of each year, deposit or invest, a sum which shall not be less than…………of the amount of its debentures maturing (to be redeemed) during the year ending on 31st March of the next year.)
  • 10%
  • 15%
  • 25%
  • 50%
A Sinking Fund is a part of:
  • Fixed Liabilities
  • Current Liabilities
  • Reserves and Surplus
  • Fixed Assets
A company issued 1000, 12% debentures of ₹ 100 each at 10% premium. 12% stand for :
  • Rate of Dividend
  • Rate of Tax
  • Rate of Interest
  • None of these
BST Ltd. want to redeem its 900, 10% debentures at 105% by converting them into shares of ₹ 10 each at ₹ 9 each. The number of shares to be issued will be :
  • 9,000 Shares
  • 10,500 Shares
  • 10,000 Shares
  • 8,500 Shares
‘Premium on Redemption of Debentures A/c is in the nature of:
  • Personal A/c
  • Real A/c
  • Nominal A/c
  • None of these
Deep Ltd. issue 10,00,000, 7 % debentures of 100 Rs. each at a discount of 4%, redeemable after 5 years at a premium of 6%. Loss issue of debentures is :
  • ₹ 10,00,000
  • ₹ 6,00,000
  • ₹ 16,00,000
  • ₹ 4,00,000
Debenture is a :
  • Loan certificate
  • Cash certificate
  • Credit certificate
  • None of these
Debenture holders are the :
  • Customers of the Company
  • Owners of the Company
  • Creditors of the Company
  • None of these
In case of issue of debentures as a collateral security for loan from the bank which account will be debited :
  • Bank Account
  • Bank Loan Account
  • Debentures Account
  • Debentures Suspense Account
If debentures of ₹ 4,50,000 are issued for the consideration of net assets of ₹ 5,00,000 balance ₹ 50,000 will be credited to:
  • Profit & Loss A/c
  • Goodwill A/c
  • General Reserve A/c
  • Capital Reserve A/c
Debentures which are transferred by mere delivery are called:
  • Registered Debentures
  • First Debentures
  • Bearer Debentures
  • None of these
In the Balance Sheet of a Company, Debentures are shown under the head :
  • Unsecured Loans
  • Long-term Loans
  • Current Liabilities
  • Reserve and Surplus
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