Issue of Debentures

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Issue of Debentures - Quiz 1

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Discount/loss on issue of debentures should be written off *

1 point

within 2 years of the issue of debentures

after the redemption of debentures

in the year of issue of debentures

during the life of debentures

Debentureholders are : *

1 point

the owners of the company

the vendors of the company

the creditors of the company

the debtors of the company

For recording the issue of debentures as collateral security, the amount of debentures issued is debited to: *

1 point

Statement of Profit & Loss

Debentures Suspense Account

Debentures Account

General Reserve Account

Loss or Discount on issue of debentures is written off from: *

1 point

Securities Premium Reserve

Statement of Profit or Loss

Securities Premium Reserve (if it exists) and thereafter from Statement of Profit & Loss

None of the above

At the time of issue, Debentures Account is: *

1 point

credited by the amount received

credited by the face value of debentures

credited by the issue price of the debentures

none of the above

Interest on debentures is: *

1 point

Appropriation of profit

Capital gain

Charge against profit

Dividend

Debentures which do not carry any specific rate of interest are known as: *

1 point

Registered Debentures

Zero coupon Rate Debentures

Bearer Debentures

First Debentures

In the Balance sheet of a company, debentures are generally shown under the head of: *

1 point

Share Capital

Non-current Liabilities

Current Liabilities

Non-current assets

Debentures cannot be redeemed *

1 point

at par

at premium

at discount

all of the above

The discount on issue of debentures is: *

1 point

Capital profit

Capital gain

Capital loss

All of the above

Interest on debentures is always paid on *

1 point

Nominal value of debentures

Amount received on issue

Amount received on allotment

None of the above

Those debentures in which the holders are given option to partially or fully convert debentures into equity shares after a specified period are known as: *

1 point

Registered Debentures

Mortgage Debentures

Naked Debentures

Convertible Debentures

Premium received on issue of debentures is credited to: *

1 point

Capital Reserve

General Reserve

Securities Premium Reserve

None of these

Debentureholders are entitled to receive from the company *

1 point

Dividend

Interest

Share of Profit

None of the above

Premium on Redemption of Debentures Account is: *

1 point

Asset

Liability

Expenses

Revenue

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