Issue of Debentures
Commerce ⇒ Accountancy
Issue of Debentures starts at 12 and continues till grade 12.
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See sample questions for grade 12
A company issues 1,000 debentures of Rs. 100 each at a premium of 10%, payable as Rs. 50 on application and balance on allotment. What is the amount received on application?
A company issues 10,000 debentures of Rs. 100 each at par, redeemable at a premium of 10%. What is the amount of loss on issue of debentures?
A company issues 2,000 debentures of Rs. 100 each at a discount of 10%. What amount will be credited to the Debentures Account?
A company issues 2,000 debentures of Rs. 100 each at a discount of 5%, redeemable at a premium of 10%. Calculate the total loss on issue of debentures.
A company issues 1,000 debentures of Rs. 100 each at a premium of 10%, payable as Rs. 50 on application and balance on allotment. What is the amount received on application?
A company issues 10,000 debentures of Rs. 100 each at par, redeemable at a premium of 10%. What is the amount of loss on issue of debentures?
A company issues 2,000 debentures of Rs. 100 each at a discount of 10%. What amount will be credited to the Debentures Account?
A company issues 2,000 debentures of Rs. 100 each at a discount of 5%, redeemable at a premium of 10%. Calculate the total loss on issue of debentures.
Debentures are part of which section of a company's balance sheet? (1) Equity, (2) Liabilities, (3) Assets, (4) Reserves
Debentures can be issued at: (1) Par, (2) Premium, (3) Discount, (4) All of the above
Which account is credited when debentures are issued at par? (1) Debenture Application Account, (2) Debentures Account, (3) Securities Premium Account, (4) Discount on Issue of Debentures Account
Which account is credited with the amount of premium received on issue of debentures? (1) Debentures Account, (2) Securities Premium Account, (3) Premium on Issue of Debentures Account, (4) Profit and Loss Account
Fill in the blank: Debentures issued at a price below their face value are said to be issued at a _______.
Fill in the blank: Debentures which are repayable after a fixed period are called _______ debentures.
Fill in the blank: Debentures which can be transferred by mere delivery are called _______ debentures.
Fill in the blank: The account used to record the loss on issue of debentures is called _______.
State whether the following statement is true or false: Debenture holders are the owners of the company.
State whether the following statement is true or false: Debenture holders have voting rights in the company.
State whether the following statement is true or false: Debentures can be issued at a discount as per the Companies Act, 2013.
State whether the following statement is true or false: Debentures can be issued at a premium as per the Companies Act, 2013.
