Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Class 12 Accountancy Chapter 5 Accounting For Companies Issue Of Debentures Quiz 1 (25 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. A company cannot issue ..... with Voting rights
2. Discount on issue of debentures can be written off during the life time of debentures
3. The contract between company and debenture trustees of companies is called as .....
4. Debentures are said to be issued at Discount when
5. A company which issue prospectus or invites more than 500 person to buy it's debenture has to appoint ..... /
6. Interest on debentures is paid on
7. Procedure for allotment of Debenture should be completed within ..... from the date of receipt of applications
8. Debentures can be issued at
9. A company can issue ..... convertible Debenture
10. A debenture holder gets
11. What will be the entry passed when 10, 000 debentures of Rs. 100 each are issued against a bank loan of Rs. 800, 000?
12. A debentureholder always gets
13. Excess of net assets over purchase consideration at the time of purchase is:
14. Deep Ltd. issue 10, 00, 000, 7 % debentures of 100 Rs. each at a discount of 4%, redeemable after 5 years at a premium of 6%. Loss issue of debentures is:
15. What is meant by a Debenture?
16. State the amount to be recorded in the books of accounts:Application money received on 2000 12% Debentures of Rs. 100 each issued at a premium of 10% and redeemable at a premium of 10%
17. When debentures are issued at a discount, the discount is written off
18. Match the following1. Shares 2. Debentures a. fixed charge on assets b. fluctuating charge on assets c. no charge on assets d. a & b e. c & a f. a & c
19. Company has to create a charge on its assets when it issues secured debentures
20. Match:1. Redeemable Debentures2. Registered Debenturesa. can be converted into sharesb. payable on expiry of a specific timec. carry no specific charged. complete detail is maintained by the company
21. Debenture holders are
22. T Ltd. issued 4000 10% Debentures at Rs. 100 each. Calculate the total interest.
23. ABC limited issues 10, 000 9% debentures of 100 each at a premium of 5%, repayable at a premium of 10%, the loss on issue of debentures account will be debited to by-
24. X ltd. purchased building of Y ltd. for Rs. 4, 00, 000. The consideration was paid by issue of 10% debentures of Rs. 100 each at a discount of Rs. 20. 10% debentures account is credited with
25. Debentures are shown in the balance sheet of a company under the head of
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books