Q.1
6-unrecorded asserts realized at the time of realization is credited to-
  • a) revaluation account
  • c) realization account
  • C)capital  account
  • d) none of these
Q.2
When the number of debentures applied is less than number of debentures offered to public the issue is said to be :
  • Oversubscription
  • Under subscription
  • Full Subscription
  • None of the above
Q.3
Debentures issued as collateral security
  • Are recorded in the books
  • Are not recorded in the books
  • May or may not be recorded in the books
  • None of these
Q.4
X ltd. purchased building of Y ltd. for Rs. 4,00,The consideration was paid by issue ofdebentures of Rs.each at a discount of Rs.debentures account is credited with
  • Rs. 5,20,000
  • Rs. 5,00,000
  • Rs. 4,80,000
  • Rs. 3,20,000
Q.5
Discount or loss on issue of debentures is written off from
  • Securities premium reserve
  • Securities premium reserve (if it exists) and thereafter from statement of profit and loss
  • Statement of profit and loss
  • General reserve
Q.6
Electronics ltd. issued 10,debentures of Rs.each at a premium of Rs.It will creditdebentures account by
  • Rs. 11,00,000
  • Rs. 10,00,000
  • Rs. 9,00,000
  • Rs. 8,00,000
Q.7
A debenture holder gets
  • Dividend
  • Rights prescribed in articles
  • Ownership of the company
  • Interest at fixed rates
Q.8
D Ltd. Issued 2,debenture of Rs.each at par and redeemable atpremium, identify the amount of loss on issue of debenture:
  • 12,000
  • 10,000
  • 18,000
  • 16,000
Q.9
When debentures are issued at Par and redeemable at Premium , the loss on such an issue is debited to:
  • Profit and loss account
  • Debenture application and allotment account
  • Loss on issue of debentures account
  • Discount on issue of debentures account.
Q.10
A Debenture is:
  • an oral or written instrument acknowledging a debt by a company
  • An oral acknowledgement of debt by a company
  • A written instrument acknowledging a debt taken by a company
  • None of these
0 h : 0 m : 1 s