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Class 12 Accounts
Issue And Redemption Of Debentures Chapter 2
Quiz 1
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Premium on Redemption of Debentures Account is:A. Personal AccountB. Nominal AccountC. Real AccountD. None of these
0%
A
0%
B
0%
C
0%
D
Debenture Application Accounts is :A. Personal Account B. Real Account C. Nominal Account D. None of these
0%
A
0%
B
0%
C
0%
D
Debenture Allotment Account is :A. Personal AccountB. Nominal AccountC. Real AccountD. None of these
0%
A
0%
B
0%
C
0%
D
Debenture Holders are the:A. Promoters of the companyB. Owners of the companyC. Creditors of the companyD. Auditors of the company
0%
A
0%
B
0%
C
0%
D
Discount on issue of debentures account is a …..A. Fictitious AssetB. Current AssetC. Share CapitalD. Fixed Asset
0%
A
0%
B
0%
C
0%
D
Securities Premium received on debentures is a…….A. Fixed AssetB. Capital ProfitC. Current AssetD. Capital Loss
0%
A
0%
B
0%
C
0%
D
How would you show Debentures in the Balance sheet i.e. under which heading?A. Non-current LiabilitiesB. Current LiabilitiesC. Share CapitalD. Reserve and Surplus
0%
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D
Shareholders get dividend, Debenture holders get:A. ProfitB. InterestC. BonusD. Shares
0%
A
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C
0%
D
A Debenture is acknowledgment of debt and a contract for the repayment of principal amount with________A. DividendB. ProfitC. PremiumD. Interest
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D
A debentures is issued under the ________ of companyA. Common sealB. Section 12 of Companies ActC. Rules & PrinciplesD. Registration
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0%
D
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