Q.1
DEBENTURES CAN BE REDEEMED....
  • BY ISSUE OF NEW SHARES
  • BY EXISTING RESOURCES
  • BY ACCUMULATED PROFITS
  • BY ALL THE ABOVE
Q.2
WHICH OUT OF THE FOLLOWING IS NOT A METHOD OF REDEMPTION OF DEBENTURE
  • BY DRAW OF LOTS
  • BY PURCHASE IN THE OPEN MARKET
  • BY REVALUATION METHOD
  • BY CONVERSION
Q.3
HOW MUCH AMOUNT OF DEBENTURE REDEMPTION RESERVE WILL BE CREATED IN CASE OF REDEMPTION OF DEBENTURE BY CONVERSION
  • 25%
  • 50%
  • NIL AMOUNT
  • 100%
Q.4
AS PER WHICH RULE/ SECTION OF CO. ACT EVERY COMPANY IS REQUIRED TO CREATE DRR AND SHALL BEFORE 30TH APRIL OF THE YEAR DEPOSIT OR INVEST OUTSIDE.
  • 18(7)D
  • 18(7)C
  • 22(7)C
  • 19(7)C
Q.5
IF A COMPANY HAS DECIDED TO REDEEM ITS DEBENTURE TOTALLY OUT OF PROFITS THEN HOW MUCH AMOUNT WILL BE TRANSFERRED TO DEBENTURE REDEMPTION RESERVE A/C?
  • 25%
  • 50%
  • 100%
  • NO AMOUNT
Q.6
ACCORDING TO WHICH SECTION OF COMPANIES ACTAND THE SEBI GUIDELINES AN AMOUNT OF% OF THE FACE VALUE OF DEBENTURE TO BE REDEEMED IS TO BE TRANSFERRED TO DRR A/C?
  • 75(4)
  • 71(4)
  • 72(4)
  • 70(4)
Q.7
What is meant by a Debenture ?
  • Debenture is an oral acknowledgement of debt taken by company
  • Debenture is a written acknowledgement of debt taken by company
  • Debenture may be written or oral acknowledgement of debt taken by company
  • None of these
Q.8
Debentures can be issued at
  • Par
  • Premium
  • Discount
  • Par or Premium or Discount
Q.9
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
Q.10
Debentures are said to be issued at Discount when
  • I.P. = F.V.
  • I.P. > F.V.
  • I.P. < F.V.
  • Any of these
Q.11
The discount on issue of debentures is :
  • Capital profit
  • Capital gain
  • capital loss
  • revenue loss
Q.12
As a purchase consideration of a machinery of Rsdebentures of Rseach were issued at a premium of Rsby company. The number of debentures issued by company is:
  • 7200
  • 7000
  • 6570
  • 5760
Q.13
Debentures can not be redeemed:
  • at par
  • at premium
  • at discount
  • at maturity
Q.14
Discount/loss on issue of debentures should be written off:
  • within 10 years
  • after redemption of debentures
  • in the yer of issue of debentures
  • during life of debentures
Q.15
Premium on redemption of debentures account is :
  • Liability
  • Asset
  • Expenses
  • Revenue
Q.16
Discount on issue of debentures is classified as :
  • fixed asset
  • current liability
  • fictitious asset
  • none of these
Q.17
9-General reserve appearing at the time of dissolution is transferred to
  • Option 1*(a) Bank A/c
  • Option (b) Realisation A/c
  • c) Capital A/c
Q.18
8-Profit or loss on realization should be divided among partners in the
  • Option 1*(a) Profit sharing ratio
  • (b) Equally
  • (c) Capital Ratio
  • Option 4 (optional)(c) Capital Ratio
Q.19
Debentures which do not carry any specific rate of interest are know as:
  • bearer debentures
  • zero coupon rate debentures
  • first debentures
  • registered debentures
Q.20
7-unrecorded liability when paid on dissolution of a firm is debited to
  • Option 1*(a) Liability A
  • Option 2*(b) Partner’s Capital A/c
  • (c) Realisation A/cOption 3 (optional)
  • Option 4 (optional)(d) None of these
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