6-unrecorded asserts realized at the time of realization is credited to-
a) revaluation account
c) realization account
C)capital account
d) none of these
Q.2.
When the number of debentures applied is less than number of debentures offered to public the issue is said to be :
Oversubscription
Under subscription
Full Subscription
None of the above
Q.3.
Debentures issued as collateral security
Are recorded in the books
Are not recorded in the books
May or may not be recorded in the books
None of these
Q.4.
X ltd. purchased building of Y ltd. for Rs. 4,00,The consideration was paid by issue ofdebentures of Rs.each at a discount of Rs.debentures account is credited with
Rs. 5,20,000
Rs. 5,00,000
Rs. 4,80,000
Rs. 3,20,000
Q.5.
Discount or loss on issue of debentures is written off from
Securities premium reserve
Securities premium reserve (if it exists) and thereafter from statement of profit and loss
Statement of profit and loss
General reserve
Q.6.
Electronics ltd. issued 10,debentures of Rs.each at a premium of Rs.It will creditdebentures account by
Rs. 11,00,000
Rs. 10,00,000
Rs. 9,00,000
Rs. 8,00,000
Q.7.
A debenture holder gets
Dividend
Rights prescribed in articles
Ownership of the company
Interest at fixed rates
Q.8.
D Ltd. Issued 2,debenture of Rs.each at par and redeemable atpremium, identify the amount of loss on issue of debenture:
12,000
10,000
18,000
16,000
Q.9.
When debentures are issued at Par and redeemable at Premium , the loss on such an issue is debited to:
Profit and loss account
Debenture application and allotment account
Loss on issue of debentures account
Discount on issue of debentures account.
Q.10.
A Debenture is:
an oral or written instrument acknowledging a debt by a company
An oral acknowledgement of debt by a company
A written instrument acknowledging a debt taken by a company
None of these
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