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Class 12 Accountancy Chapter 5 Accounting For Companies Issue Of Debentures Quiz 2 (25 MCQs)

Quiz Instructions

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1. Secured debentures must be redeemed within ..... from the date of issue
2. When debentures are issued at Par and redeemable at Premium, the loss on such an issue is debited to:
3. Discount on issue of Debentures should be written off:
4. Debentures are a part of
5. Debentures issued as collateral security
6. Debenture certificate is issued within 6 months of allotment of debentures
7. Discount on issue of Debentures is in the nature of:
8. A company issuing ..... Debenture must create a charge on the assets of the company
9. A company issued ₹ 1, 00, 000 12% debentures of ₹ 100 each. The amount of interest on debentures will be:
10. Debenture interest is paid
11. When debentures are issued as collateral securities, the final entry for recording the collateral debentures in the books is
12. When the number of debentures applied is less than number of debentures offered to public the issue is said to be:
13. If debentures of ₹ 4, 50, 000 are issued for the consideration of net assets of ₹ 5, 00, 000 balance ₹ 50, 000 will be credited to:
14. Special resolution is needed to issue convertible debentures
15. Collateral security is a:
16. Electronics ltd. issued 10, 000, 6% debentures of Rs. 100 each at a premium of Rs. 10. It will credit 6% debentures account by
17. Amaze Ltd issued 20, 000, 12% debentures of ₹ 100 each at 10% premium to be redeemed at 15% premium at the end of 4 years. There was a debit balance in statement of profit & Loss of ₹ 40, 000. At the end of the year, after writing off the loss on issue of debentures, what will be the balance in statement of profit & loss?
18. ..... protects the interest of Debenture holders
19. The details of allotment of Debenture must be entered in .....
20. Company cannot issue non-convertible debentures
21. Which of the following is correct with respect to debentures
22. Disha Ltd. purchased machinery from Nisha Ltd. Pass the journal entry for purchase of the machinery.
23. Debenture trustees are appointed to protect the interest of shareholders
24. Debenture holders have no voting rights
25. A Debenture is:
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