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Class 12 Accountancy
Issue And Redemption Of Debentures
Quiz 3
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Discount on issue of Debentures is in the nature of:
0%
Revenue Loss
0%
Capital Loss
0%
Deferred Revenue Expenditure
0%
None of there
Explanation
Capital Loss
On liquidation of a company, principal amount of debentures is returned:
0%
First of all
0%
Last of all
0%
Before Equity Capital
0%
None of those
Explanation
First of all
Interest payable on debentures is :
0%
An appropriation of profits of the company
0%
A charge against profits of the company
0%
Transfer to Sinking Fund
0%
None of the above
Explanation
A charge against profits of the company
Debentures represent:
0%
Director’s Share in a Company
0%
Investments by Equity Shareholders
0%
Long-term Debt of the Business
0%
None of these
Explanation
Long-term Debt of the Business
Debentures carries interest at: .
0%
12% p.a.
0%
Fixed Rate
0%
20% p.a.
0%
6% p.a.
Explanation
Fixed Rate
Generally debentures are :
0%
Secured
0%
Unsecured
0%
Partly Secured
0%
None of these
Explanation
Secured
Premium on issue of debentures is a for Company :
0%
Revenue Receipt
0%
Profit
0%
Capital Receipt
0%
All of these
Explanation
Capital Receipt
For a company discount on issue of debentures is :
0%
Capital Loss
0%
Revenue Loss
0%
General Loss
0%
None of these
Explanation
Capital Loss
‘Premium on issue of debentures’ is shown in the Balance Sheet on:
0%
Assets side
0%
Liabilities side
0%
None of these
0%
All of these
Explanation
Liabilities side
The balance of discount on debentures is shown in the Balance Sheet on:
0%
Assets side
0%
Liabilities side
0%
None of these
0%
All of these
Explanation
Assets side
Rate of interest on debentures is :
0%
12% p.a.
0%
20% p.a.
0%
Fixed Rate
0%
15% p.a.
Explanation
Fixed Rate
Discount on issue of Debentures should be written off:
0%
Out of Securities Premium Account
0%
Out of Capital Profits
0%
Out of Statements of Profit and Loss
0%
In the above order over the period of debentures
Explanation
In the above order over the period of debentures
F Ltd. purchased machinery for a book value of ₹ 4,00,The consideration was paid by issue of 10% Debentures of ₹ 100 each at a discount of 20%. The Debenture Account will be credited by :
0%
₹ 4,00,000
0%
₹ 5,00,000
0%
₹ 3,20,000
0%
₹ 4,80,000
Explanation
₹ 5,00,000
Debenture holder gets:
0%
Di vidend
0%
Profit
0%
Interest
0%
Interest at fixed rate
Explanation
Interest
Loss on issue of debentures is generally written off in :
0%
5 years
0%
10 years
0%
15 years
0%
Over the period of redemption
Explanation
Over the period of redemption
When debentures are issued as collateral security, which entry has to be passed ?
0%
Debenture Suspense A/c Dr. To Debentures
0%
No entry has to be made
0%
(a) or (b)
0%
None of these
Explanation
(a) or (b)
Debenture holder receives:
0%
Dividend
0%
Interest
0%
Both Dividend and Interest
0%
Bonus
Explanation
Interest
Debenture holders are called of the company.
0%
Creditors
0%
Debtors
0%
Owners
0%
Bankers
Explanation
Creditors
A company issued ₹ 1,00,000 12% debentures of ₹ 100 each. The amount of interest on debentures will be:
0%
₹ 12,000
0%
₹ 1,20,000
0%
₹ 12,00,000
0%
None of these
Explanation
₹ 12,00,000
Premium on redemption of debentures account is :
0%
A real account
0%
A nominal account
0%
A personal account
0%
None of these
Explanation
A personal account
0 h : 0 m : 1 s
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