This quiz works best with JavaScript enabled. Home > Cbse > Class 12 > Commerce > Accountancy > Class 12 Accountancy Chapter 5 Accounting For Companies Issue Of Debentures – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Accountancy Chapter 5 Accounting For Companies Issue Of Debentures Quiz 2 (7 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Rohit Ltd., issued 2200, 9% debentures of Rs 100 each at Rs 95 per debenture. 9% debentures Account will be credited by: A) 220, 000. B) 209, 000. C) 200, 000. D) None of the above. Show Answer Correct Answer: A) 220, 000. 2. F Ltd. purchased machinery for a book value of ₹ 4, 00, 000. The consideration was paid by issue of 10% Debentures of ₹ 100 each at a discount of 20%. The Debenture Account will be credited by: A) ₹ 4, 80, 000. B) ₹ 5, 00, 000. C) ₹ 3, 20, 000. D) ₹ 4, 00, 000. Show Answer Correct Answer: B) ₹ 5, 00, 000. 3. Debentures holders are paid interest A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 4. Interest payable on debentures is calculated on issue price of debentures. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 5. Beta Ltd. issued 5000, 9% Debentures of Rs. 500 each. When debentures are issued at a premium of 25% to the vendors for machinery purchased for Rs. 625, 000, how many debentures are to be issued by the company? A) 1000. B) 1400. C) 1500. D) 1200. Show Answer Correct Answer: A) 1000. 6. While issuing ..... , company doesn't give any undertaking for repayment of money borrowed by issuing such debentures. A) Non-redeemable Debentures. B) Secured Debentures. C) Non-convertible Debentures. D) Zero coupon rate Debentures. Show Answer Correct Answer: A) Non-redeemable Debentures. 7. Money from ..... account is used for redemption of debenture A) Capital. B) Debenture Redemption reserve. C) Profit or loss. D) None of the above. Show Answer Correct Answer: B) Debenture Redemption reserve. ← PreviousRelated QuizzesCommerce QuizzesClass 12 QuizzesClass 12 Accountancy Chapter 5 Accounting For Companies Issue Of Debentures Quiz 1Class 12 Accountancy Chapter 1 Accounting For Partnership Firms Fundamentals QuizClass 12 Accountancy Chapter 2 Accounting For Partnership Firms Admission Of A Partner QuizClass 12 Accountancy Chapter 3 Accounting For Partnership Firms Retirement Death Of A Partner QuizClass 12 Accountancy Chapter 4 Accounting For Companies Issue Of Shares QuizClass 12 Accountancy Chapter 7 Financial Statements Of Companies QuizClass 12 Accountancy Chapter 8 Analysis Of Financial Statements QuizClass 12 Accountancy Chapter 9 Computerised Accounting System Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books