WHICH OUT OF THE FOLLOWING IS NOT A METHOD OF REDEMPTION OF DEBENTURE
BY DRAW OF LOTS
BY PURCHASE IN THE OPEN MARKET
BY REVALUATION METHOD
BY CONVERSION
Q.3.
HOW MUCH AMOUNT OF DEBENTURE REDEMPTION RESERVE WILL BE CREATED IN CASE OF REDEMPTION OF DEBENTURE BY CONVERSION
25%
50%
NIL AMOUNT
100%
Q.4.
AS PER WHICH RULE/ SECTION OF CO. ACT EVERY COMPANY IS REQUIRED TO CREATE DRR AND SHALL BEFORE 30TH APRIL OF THE YEAR DEPOSIT OR INVEST OUTSIDE.
18(7)D
18(7)C
22(7)C
19(7)C
Q.5.
IF A COMPANY HAS DECIDED TO REDEEM ITS DEBENTURE TOTALLY OUT OF PROFITS THEN HOW MUCH AMOUNT WILL BE TRANSFERRED TO DEBENTURE REDEMPTION RESERVE A/C?
25%
50%
100%
NO AMOUNT
Q.6.
ACCORDING TO WHICH SECTION OF COMPANIES ACTAND THE SEBI GUIDELINES AN AMOUNT OF% OF THE FACE VALUE OF DEBENTURE TO BE REDEEMED IS TO BE TRANSFERRED TO DRR A/C?
75(4)
71(4)
72(4)
70(4)
Q.7.
What is meant by a Debenture ?
Debenture is an oral acknowledgement of debt taken by company
Debenture is a written acknowledgement of debt taken by company
Debenture may be written or oral acknowledgement of debt taken by company
None of these
Q.8.
Debentures can be issued at
Par
Premium
Discount
Par or Premium or Discount
Q.9.
Which of the following is correct with respect to debentures
They can be issued on credit
They can be issued for consideration other than cash
They cannot be issued as collateral security
They can be issued partly on credit and partly in cash
Q.10.
Debentures are said to be issued at Discount when
I.P. = F.V.
I.P. > F.V.
I.P. < F.V.
Any of these
Q.11.
The discount on issue of debentures is :
Capital profit
Capital gain
capital loss
revenue loss
Q.12.
As a purchase consideration of a machinery of Rsdebentures of Rseach were issued at a premium of Rsby company. The number of debentures issued by company is:
7200
7000
6570
5760
Q.13.
Debentures can not be redeemed:
at par
at premium
at discount
at maturity
Q.14.
Discount/loss on issue of debentures should be written off:
within 10 years
after redemption of debentures
in the yer of issue of debentures
during life of debentures
Q.15.
Premium on redemption of debentures account is :
Liability
Asset
Expenses
Revenue
Q.16.
Discount on issue of debentures is classified as :
fixed asset
current liability
fictitious asset
none of these
Q.17.
9-General reserve appearing at the time of dissolution is transferred to
Option 1*(a) Bank A/c
Option (b) Realisation A/c
c) Capital A/c
Q.18.
8-Profit or loss on realization should be divided among partners in the
Option 1*(a) Profit sharing ratio
(b) Equally
(c) Capital Ratio
Option 4 (optional)(c) Capital Ratio
Q.19.
Debentures which do not carry any specific rate of interest are know as:
bearer debentures
zero coupon rate debentures
first debentures
registered debentures
Q.20.
7-unrecorded liability when paid on dissolution of a firm is debited to
Option 1*(a) Liability A
Option 2*(b) Partner’s Capital A/c
(c) Realisation A/cOption 3 (optional)
Option 4 (optional)(d) None of these
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