Practice Test


Q1) A Ltd. issued As 1,00,000 Debentures at a discount of 6% on 1st Jan., 2001 repayable at the end of 5th year. Discount written off is. Show Answer


Q2) Discount on issue of debentures is a ____. Show Answer


Q3) Loss on issue of debentures is treated as ____. Show Answer


Q4) Debentures issued as collateral security is ___. Show Answer


Q5) A company can redeem its debentures by ___. Show Answer


Q6) Omega Ltd. purchased assets of Alfa Ltd. for purchase considerationof Rs.60 lacs. It was decided that the purchase consideration will discharged by issue of 10% debentures of Rs.10/- each at a premium of 20%. The numberof debentures issued will be Show Answer


Q7) A company issues 100 debentures of Rs.1,000 each at 97 per cent. These are repayable out of profits by equal annual drawings over 5 years.Discount on issue of debentures will written off in the ratio. Show Answer


Q8) The premium collected on issue of debentures is transferred to Show Answer


Q9) Debentures can be issued Show Answer


Q10) Loss on issue of debentures is a/an Show Answer


Q11) ______ debentures need not be registered with the company. Show Answer


Q12) Debentures issued as a collateral security are in the nature of a _________ Show Answer


Q13) Debentures are part of _____ funds. Show Answer


Q14) Debenture holders are ________of the company. Show Answer


Q15) Debenture holders ______ voting rights. Show Answer


Q16) Debentures ____ repayable. Show Answer


Q17) Debentures Bonds ______ partly paid Show Answer


Q18) Debenture Stock ________ partly paid. Show Answer


Q19) Debenture Bonds________ transferred in round amounts as a whole. Show Answer


Q20) Debenture Stock ____ transferred in fractions or odd amounts Show Answer


Q21) Debentures mean the shares which are entitled to a fixed rate of interest or dividends. Show Answer


Q22) Debentures mean shares which are secured against the assets of the company. Show Answer


Q23) Debentures form part of own funds. Show Answer


Q24) Debentures form part of owed funds. Show Answer


Q25) The rate of interest on debentures may vary from year to year depending on the profits earned. Show Answer


Q26) Interest on debentures must be paid whether there is any profit or not Show Answer


Q27) Dividends on preference shares have no priority over interest on debentures. Show Answer


Q28) On winding up, debenture-holdersmust be repaid before cumulative preference shareholders. Show Answer


Q29) The maximum rate of discount at which debentures can be issued is 10%. Show Answer


Q30) Interest on debenture is payable only when company earns profits. Show Answer


Q31) Debenture holders are entitled to receive interest at fixed rate. Show Answer


Q32) Debenture holders are not the members of the company. Show Answer


Q33) There is restriction on issue of debentures at discount. Show Answer


Q34) Premium on redemption of debentures A/c is credited at the time of issuing debentures. Show Answer


Q35) The balance of debenture is transferred to liabilities side of Balance Sheet. Show Answer


Q36) Discount on issue of debentures A/c is a fictitious asset. Show Answer


Q37) Securities premium or discount on issue of debenture is calculated on the face value of debentures issue. Show Answer


Q38) Debentures can be forfeited for non-payment of calls. Show Answer


Q39) Debenture can be issued at a discount and redeemed at a premium. Show Answer


Q40) A company can buy its own debentures. Show Answer


Q41) A company can issue debentures with voting rights. Show Answer


Q42) A company can issue irredeemable debentures. Show Answer


Q43) Convertible debentures are those thatcan be converted to cash at any time. Show Answer


Q44) Securities Premium A/c and Premium on Redemption of Debentures A/c have the same meaning. Show Answer


Q45) Which of the following is True ? Show Answer


Q46) Premium on redemption of debenture account is Show Answer


Q47) Which of the following is false ? Show Answer


Q48) Which of the following is false ? Show Answer


Q49) Debentures premium cannot be used to Show Answer


Q50) F ltd purchased Machinery from G company for a book value of Rs.4,00,000.The consideration was paid by issue of 10% debenture of Rs.100.each at a discount of 20%..The debenture account was credited with Show Answer


Q51) T ltd has issued 14% debenture of Rs.20,00,000 at a discount of 10% on April 01,2004 and the company pay's interest half-yearly on June 30,December 31 every year. On march 31,2006,the amount shown as 'interest accrued but not due 'in the balance sheet will be Show Answer


Q52) On May 01,2004 U ltd .issued 7%10,000 convertible debenture of Rs.100 each at a premium of 20%.Interest is payable on September 30 & March 31 every year. Assuming that the interest runs from the date of issue, the amount of interest expenditure debited to profit & loss account for the year ended March 31,2005=? Show Answer


Q53) Which of the following is True with respect to debentures ? Show Answer


Q54) W ltd issued 20,000, 8 % debenture of Rs.10 each at par ,which are redeemable after 5 years at a premium of 20%.The amount of loss on redemption of debenture to be written off every year =? Show Answer


Q55) When debentures are issued as collateral security ,the final entry for recording the transaction in the books is Show Answer


Q56) Debentures can be I. Mortgage Debenture or Simple Debenture ; II.Registered Debenture or Bearer Debenture III.Redeemable Debentures or Irredeemable Debenture IV.Convertible Debenture or Non-convertible Debenture Show Answer


Q57) Which of the following statements is false ? Show Answer


Q58) As per the companies Act,' interest accrued & due on debenture 'should be shown Show Answer


Q59) L ltd purchased Land & building from G company for a book value of Rs.2,00,000.The consideration was paid by issue of 12% debenture of Rs.100.each at a discount of 20%..The debenture account was credited with Show Answer


Q60) V ltd issued 5,000, 12 % debenture of Rs.100 each at premium of 10% ,which are redeemable after 10 years at a premium of 20%.The amount of loss on redemption of debenture to be written off every year =? Show Answer


Q61) Which of the following is True with respect to 10% debentures issued at a discount of 20% ? Show Answer


Q62) which of the following is false ? Show Answer


Q63) Discount on issue of debenture is an Show Answer


Q64) On May 01,2003 U ltd .issued 7% 40,000 convertible debenture of Rs.100 each at a premium of 20%.Interest is payable on September 30 & March 31 every year. Assuming that the interest runs from the date of issue, the amount of interest expenditure debited to profit & loss account for the year ended March 31,2005=? Show Answer


Q65) Which of the following is False with respect to debentures ? Show Answer


Q66) Which of the following is false ? Show Answer


Q67) Which of the following is not a characteristics of Bearer Debenture ? Show Answer


Q68) debenture is Show Answer


Q69) debenture contains provision as regards Show Answer


Q70) which debenture are secured by a charge Show Answer


Q71) debenture interest Show Answer


Q72) fully Secured debentures are those which are secured Show Answer


Q73) convertible debentures are those debentures which are Show Answer


Q74) interest is paid to the person who produces the interest coupon attached to debenture in case of Show Answer


Q75) from the point of view of mode of redemption , the debenture are classified as Show Answer


Q76) from the point of view of tenure , the debenture are classified as Show Answer


Q77) from the point of view of security , the debenture are classified as Show Answer


Q78) from the point of view of registration , the debenture are classified as Show Answer


Q79) which of the following is false ? Show Answer


Q80) which of the following is false ? Show Answer


Q81) which of the following is false ? Show Answer


Q82) which of the following is / are true with respect to debenture Show Answer


Q83) debenture trustees are to be appointed in case of issue of Show Answer


Q84) who is not eligible to be appointed as debenture trustee Show Answer


Q85) in case of an issue of a debenture of Rs.100 at Rs.110, Rs.10 is to be credited to Show Answer


Q86) in case of an issue of a debenture of Rs.100 at Rs.100, but redeemable at Rs.106 ,Rs.6 is to be is to be Show Answer


Q87) debenture account is Show Answer


Q88) debenture premium account is Show Answer


Q89) debenture redemption premium account is Show Answer


Q90) in the balance sheet of a company , debenture account appears under the head Show Answer


Q91) in the balance sheet of a company , debenture premium account appears under the head Show Answer


Q92) in the balance sheet of a company , debenture redemption premium account appears under the head Show Answer


Q93) A ltd took over the asset of Rs.6,60,000 & liabilities of Rs.80,000 of B ltd .for an agreed purchase consideration of Rs.6,00,000 payable 10% in cash & the balance by the issue of 15% debenture of Rs..100 each at 10% discount.the number of debenture to be issued is Show Answer


Q94) A ltd took over the asset of Rs.3,00,000 & liabilities of Rs.10,000 of B ltd .for an agreed purchase consideration of Rs.2,70,000 to be satisfied by the issue of 15% debenture of Rs.100 each at 20% premium Show Answer


Q95) R ltd purchased Land & building from S company for a book value of Rs.4,00,000.The consideration was paid by issue of 12% debenture of Rs.100.each at a discount of 20%..The debenture account was credited with Show Answer


Q96) X ltd has issued 10,000,12% debenture of Rs.100 each at a premium of 10% which are redeemable after 10 years at a premium of 20%.The amount of loss on redemption of debenture to be written off every year Show Answer


Q97) interest on debenture in calculated on Show Answer


Q98) X ltd has issued 500, 15% debenture of Rs.100 each at a discount of 10% which are redeemable after 4 years at a premium of 5% . The amount of annual interest of debenture is Show Answer


Q99) in the balance sheet of a company ,interest accrued & due on debenture appears under the head Show Answer


Q100) in the balance sheet of a company ,interest accrued but not due on debenture appears under the head Show Answer


Q101) Z ltd .issued 15% 500 debenture of Rs.100 each on 1-05-2006 at a discount of 10% redeemable at a premium of 5% after 4 years ..Interest is payable half yearly on June 30 & dec. 31 every year. the amount of interest paid for the year ended March 31,2007 = ? Show Answer


Q102) Z ltd .issued 15% 500 debenture of Rs.100 each on 1-05-2006 at a discount of 10% redeemable at a premium of 5% after 4 years ..Interest is payable half yearly on June 30 & dec. 31 every year. the amount of interest debited to profit & loss account for the year ended March 31,2007 = ? Show Answer


Q103) Z ltd .issued 15% 500 debenture of Rs.100 each on 1-05-2006 at a discount of 10% redeemable at a premium of 5% after 4 years ..Interest is payable half yearly on June 30 & dec. 31 every year. the amount of interest accrued but not due to be shown in the b/s as at March 31,2007 = ? Show Answer


Q104) which of the following is not true with regards to 10% debentures issued at a discount of 20% ? Show Answer


Q105) A -------- is a bond issued by Company under its seal, acknowledging a debt and containing provisions as regards repayment of the principle and interest. Show Answer


Q106) Debenture holder are - Show Answer


Q107) Debenture can be -
I. Mortgage Debentures or Bearer Debentures.
II Registered Debentures or Bearer Debentures
III. Redeemable Debentures or Irredeemable Debentures.
IV. Convertible Debenture or Non-convertible Debentures. Show Answer


Q108) Which of the following is not a characteristic of Bearer Debenture? Show Answer


Q109) Debentures which are secured by a charge upon some or all assets of the Company are known as - Show Answer


Q110) Non-convertible Debenture refer to - Show Answer


Q111) Which of the following is incorrect ? Show Answer


Q112) Which of the following statement false? Show Answer


Q113) In the event of liquidation of the Company the Debenture holder have prior right for - Show Answer


Q114) A Debentures holder gets Show Answer


Q115) Interest payable holder gets - Show Answer


Q116) Which of the following is false? Show Answer


Q117) Which of the following statement is not true? Show Answer


Q118) As per the Companies Act, "Interest accrued and not due Debentures" should be shown - Show Answer


Q119) As per the Companies Act "Interest accrued and due on Debentures" should be shown - Show Answer


Q120) Income tax deducted from interest paid on Debentures is shown as - Show Answer


Q121) A Company issued 1,000, 12% Debentures of Rs.100 each at par redeemable at 10% premium. 12% stands for - Show Answer


Q122) T Ltd has issued 15% Debentures of Rs.20,00,000 at a discount of 10% on 1st April 2008 and the Company pays interest half yearly on June 30th, and Debentures 31 every year.
On 31st March 2009, the amount shown as "interest accrued but not due" in the Balance Sheet will be - Show Answer


Q123) T Ltd issued 14% Debentures of Rs.10,00,000 at a discount of 10% on 1st April 2008 and the Company pays interest half yearly on June 30, and December 31 every year. On 31st March 2009, the amount shown as "interest due but not paid" in the Balance Sheet will be - Show Answer


Q124) On 1st May 2008, Ltd issued 6%, 10,000 Convertible Debentures of Rs.100 each at a Premium of 20%. Interest is payable on 30th September and 31st March every year. Assuming that the interest runs from the date of issue, the amount runs from the date of issue, the amount of interest expenditure debited to P and L A/c for the year ended 31st March 2009 will be - Show Answer


Q125) On 1st May 2008, Y Ltd issued 7% 40,000 convertible Debentures of Rs.100 each at a Premium of 20%. Interest is Payable on Septembers 30 and March 31, every year. Assuming that the interest runs from the date of issue, the amount of interest expenditure debited to P and L A/c for the year ended 3st March 2009 - Show Answer


Q126) On 1st June 2008, Harsh Ltd. issued 4,000 9% convertible Debentures of Rs.100 each at a Premium of 10%. Interest is payable on 30th Sept. and 31st March every year. Assuming that the interest runs from the date of issue, the amount of interest expenditure debited to P and L A/c for the year ended 31st March 2009 will be - Show Answer


Q127) The interest on Debentures for the first year ending 31.03.2008 will be - Show Answer


Q128) The interest on Debentures for the second year ending 31.03.2010 will be - Show Answer


Q129) The interest on Debentures for the third year third year ending 31.03.2010 will be - Show Answer


Q130) Debentures can be issued - Show Answer


Q131) Which of the following is incorrect with respect of Debentures? Show Answer


Q132) Which of the following statements is false? Show Answer


Q133) Which of the following Statements is false? Show Answer


Q134) The underwriting commission in case of issue of Debentures can not exceed - Show Answer


Q135) Kena Ltd issued 10,000, 12% Debentures of Rs.100 each at a discount of 10% payable in full on application by 31st March, 2009.Application were received for 12,000 Debentures. Debentures were allotted on 9th June,2009. The amount of excess money refunded on the same date will be - Show Answer


Q136) When Debentures are issued as collateral security to a banker, which account will be debited - Show Answer


Q137) When Debentures are issued as collected security, which entry was has to be passed - Show Answer


Q138) When Debentures are issued as collateral security, interest is paid on - Show Answer


Q139) Premium on issue of Debentures can be utilized for writing off - Show Answer


Q140) Premium on redemption of Debenture is generally provided at the time of - Show Answer


Q141) Sure Ltd issued 5,000, 15% Debentures of Rs.100 each at a premium of Rs.10 each. These Debentures were to be redeemed at a premium of Rs.4 each after 5 years. The amount to be credited to the Debentures premium account will be - Show Answer


Q142) Koina Ltd. issued 15,00,000, 12 % Debentures of Rs.50 each at premium of 10% payable as Rs.20 on application and balance on allotment. Debentures are redeemable at par after 6 years. All the money due on allotment was called up and received. The amount of premium will be - Show Answer


Q143) Which of the following is true with regard to 10% Debentures issued at a discount of 20% ? Show Answer


Q144) Loss on issue of Debentures is treated as - Show Answer


Q145) Loss on issue of debentures is generally written off in - Show Answer


Q146) Unless written off, the loss on issue of Debenture is shown - Show Answer


Q147) A Company issue 14% Debentures of Rs.10,00,000 at a discount of 10%. The discount allowed will be treated in the account books as - Show Answer


Q148) Gama Ltd issued 10,000, 10% Debentures of Rs.100 each at a discount of 10%. The entire amount is payable on application were received for 12,000 Debentures. The allotment of Debentures was made on 10th October 2008. The amount which should be credited to the Debentures account on 10th October, 2008 will be - Show Answer


Q149) W Ltd issued 40,000, 8% Debentures of Rs.10 each at par, which are redeemable after 5 years at a premium of 20%. The amount of loss on redemption Debentures to be written of every years will be - Show Answer


Q150) Asha Deep Ltd issued 1,00,000, 7% Debentures of Rs.100 each at a discount of 4% redeemable after 5 years at a premium of 6%. Loss on issue of Debentures is - Show Answer


Q151) A Ltd issued Rs.1,00,000 12% Debentures at 5% discount redeemable at 5% premium after 10 years. Loss on issue of Debentures will be - Show Answer


Q152) X Ltd issued 1,00,000 Debentures of Rs.100 each at a discount of 4% redeemable after 5 years at a premium of 6%. Loss on issue of Debenture will be - Show Answer


Q153) A Company issued Debentures of the face value of Rs.1,00,000 at a discount of 6% on 1st January 2009. These Debentures are redeemable by annual drawings of Rs.20,000 made on 31st December each year. The Directors decided to write off discount based on the Debentures outstanding each year. Amount of discount to be written off in the 5th year will be - Show Answer


Q154) Deep Ltd issued 1,00,000 7% Debentures of Rs.100 each at a discount of 4% redeemable after 5 year at a premium of 6%. Loss of issues of debentures is - Show Answer


Q155) K Ltd issued 5,000, 12% Debentures of Rs.100 each at a discount of 5% repayable after 5 years at a premium of 5%. The loss on issue of Debentures to be written off for 5 years - Show Answer


Q156) L Ltd issued Rs.1,00,000, 12% Debentures [par value of Rs.100] each at a discount of 5% on 1st January 2009 repayable by 4 equal annual drawings at a premium of 5%. The loss on issue of Debentures to be written off for 4 calendar years - Show Answer


Q157) The amount of discount to be written off at the end of each year for the first 5 years is - Show Answer


Q158) The amount of discount to be written off at the end of each year for the next 5 years is - Show Answer


Q159) The amount of discount to be written off at the end of each year for the last 5 years is - Show Answer


Q160) The amount of discount to be written off at the end of the first years is - Show Answer


Q161) The amount of discount to be written off at the end of the second year is - Show Answer


Q162) The amount of discount to be written off at the end of the third year is - Show Answer


Q163) The amount of discount to be written off at the end of the fourth year is - Show Answer


Q164) The amount of discount to be written off at the end of the fifth year is - Show Answer


Q165) If the redeemable commences from 31st March 2010 - Show Answer


Q166) If the redemption commences from 31st March 2011 - Show Answer


Q167) If the redemption commences from 31th March 2012 - Show Answer


Q168) C Ltd issued Rs.1,00,000 Debentures at a discount of 6% on 1st January 2009 repayable by 5 equal annual drawing. Discount on issue of Debentures written off in the 5 calendar years - Show Answer


Q169) E Ltd issued 1,00,000 Debentures at discount of 6% on 1st April, 2009 repayable by 5 equal annual drawing. Discount on issue of debentures written off in the 5 Calendar years - Show Answer


Q170) F Ltd issued Rs.1,00,000, 10% Debentures on 1st April, 2009 at a discount of 5% payable in annual drawings of Rs.25,000 each on 31st March every year. Calculate the amount of discount to be written off each year. The accounting year of the Company ends on 31st December. Show Answer


Q171) G Ltd. issued 12% Debentures of the face value of Rs.1,20,000 at a discount of 6% on 1st January, 2009 repayable by annual drawings of Rs.40,000 commencing from the end of 3rd year. Discount on issue of Debentures written off every year for 5 years assuming that the account are closed on 31th December. Show Answer


Q172) If Debentures are issued as consideration for purchase of any Fixed Asset, the entry is - Show Answer


Q173) G Ltd Purchased Land and Building from H Ltd for a book value of Rs.2,00,000. The consideration was paid by issue of 12% Debentures of Rs.100 each at a discount of 20%. The Debentures account is credited with - Show Answer


Q174) F Ltd purchased Machinery from G Company for a book value of Rs.4,00,000. The consideration was paid by issue of 12% Debentures of Rs.100 each discount of 20%. The Debentures account is credited by - Show Answer


Q175) How many Debentures will a Company be required to issue for satisfying the purchase consideration of Rs.28,80,000, if Debentures of Rs.100 are issued at a premium of 20 per Debenture? Show Answer


Q176) J Ltd purchased a Building for Rs.9,00,000 and consideration was paid by issuing 12% Debentures of Rs.100 each at 10% discount. The number of Debentures issued were - Show Answer


Q177) K Ltd brought a Machinery for Rs.4,00,000 payable as to Rs.1,30,000 in cash and the balance by issue of 12% Debentures of Rs.100 each at 10% discount. Number of Debentures issued is - Show Answer


Q178) X Ltd purchased a plant for Rs.20,000 payable Rs.6,500 in cash and balance by issue of 13% Debentures of Rs,100 each at a discount of 10%. How many Debentures would be required to be issued to the Vendor Show Answer


Q179) The Company has - Show Answer


Q180) The Debentures were issued - Show Answer


Q181) Debentures can be redeemed out of - Show Answer


Q182) Debentures cannot be redeemed at - Show Answer


Q183) Premium or redemption of Debentures is a - Show Answer


Q184) Which of the following statements is true ? Show Answer


Q185) when Debentures are to be redeemed at premium an extra entry has to be made at the time of issue of Debentures. Which A/c should be credited in this entry ? Show Answer


Q186) If Debentures are issued at discount and redeemed premium - Show Answer


Q187) Green Ltd issued 5,000, 6% Debentures of Rs.100 each at a discount of 5% repayable after 5 years at a premium of 5%. Total loss on issue of Debentures will be - Show Answer


Q188) Ravi Ltd issued 1,40,00,000, 9% Debentures of Rs.100 each at a discount of 6%, redeemable at a premium of 5% after 3 year payable as Rs.50 on application and Rs.44 on allotment. Total amount of discount/loss on issue of Debenture will be - Show Answer


Q189) Debentures have been issued at a discount of - Show Answer


Q190) Debentures are redeemable at a premium of - Show Answer


Q191) At the time of issue, entry to be passed will be - Show Answer


Q192) If the Debentures were initially issued at 10% discount, at the time of issue, the entry to be passed will be ? Show Answer


Q193) If the Debentures were issued at 10% premium but redeemed at par, entry will be - Show Answer


Q194) Win Ltd issued 20,000,8% Debentures of Rs.10 each at par, which are redeemable after 5 years at a premium of 20%.
The amount of loss on redemption of Debentures to be written off every year will be - Show Answer


Q195) Alfa Ltd issued 20,000,8% Debentures of Rs.10 each at par. The Debentures are redeemable at a premium of 20% after 5 years. The amount of loss on redemption of Debenture should be - Show Answer


Q196) P Ltd issued 5,000, 12% Debentures of Rs.100 each at a premium of 10%, which are redeemable after 10 year at a premium of 20%. The amount of loss on redemption of Debentures to be Written off every year is - Show Answer


Q197) ABC Co. Ltd issued Rs.1,00,000, 11% Debentures at 95% redeemable at the end of 10 years at 102%. The entry is - Show Answer


Q198) ABC Co. Ltd issued Rs.1,00,000, 11% Debentures at 95% redeemable at the end of 10 years at 98% Show Answer


Q199) P Ltd issued 10,000, 12% Debentures of Rs.100 each at a premium of 10%, which are redeemable after 10 years at a premium of 20%. The amount of loss on redemption of Debentures to be written off every will be - Show Answer


Q200) W Ltd issued 20,000, 8% Debentures or Rs.10 each at par, which are redeemable after 5 year at a premium of 20%. The amount of loss on redemption of Debentures to be written off every year - Show Answer


Q201) A Ltd issued 10,000, 12% Debentures of Rs.10 each at par which are redeemable in 5 years at the end of each year in equal lots at a premium of 30%. The amount of loss on redemption of Debentures to be written off in 4th and 5th year will be - Show Answer


Q202) Profit on cancellation of own Debentures is transferred to - Show Answer


Q203) Which of the following statement is false? Show Answer


Q204) _______ is acknowledgment of debt under common seal of company. Show Answer


Q205) The issue of debenture at its face value is called the issue______ Show Answer


Q206) _______ Debentures which are recorded in register of company. Show Answer


Q207) The issue of debentures less than the face value is called. Show Answer


Q208) The debentures which are converted into shares is called________ Show Answer


Q209) The issue of debentures more than face value is called_______ Show Answer


Q210) _______ Debentures of which the amount is repaid after specific period. Show Answer


Q211) _______ Debentures which are not secured against any charge on assets of the company. Show Answer


Q212) The interest on debentures is transferred to ______ Show Answer


Q213) The debenture holder is _____ of the company. Show Answer


Q214) The amount of interest payable to the debenture holder is______ Show Answer


Q215) Debenture holders get income in the form of_____ Show Answer


Q216) Convertible debentures are converted into_______ Show Answer


Q217) The debenture is owner of the company. Show Answer


Q218) The acknowledgement of debt under common seal of the company in termed as share. Show Answer


Q219) The amount of irredeemable debentures is not paid in the lifetime of the company. Show Answer


Q220) The issue of debentures less than face value of debenture to be termed as issue of debentures at discount. Show Answer


Q221) The debentures are known as creditorship capital of the company. Show Answer


Q222) The unregistered debentures are known as naked debentures. Show Answer


Q223) The rate of interest of debentures in attached to the debentures. Show Answer


Q224) Unsecured debentures are safer than secured debentures. Show Answer


Q225) The issue of debenture more than face value is termed on issue of debentures at par. Show Answer


Q226) Premium an issue of debentures is recorded on the asset side of Balance sheet. Show Answer


Q227) Debenture capital is a Loan capital of the company. Show Answer


Q228) A debenture holder is a debtor of the company. Show Answer


Q229) Debenture holders get dividend. Show Answer


Q230) Debentures are never redeemed by the company. Show Answer


Q231) Premium on redemption of debentures account appearing in the balance sheet is _______. Show Answer


Q232) Which of the following is not a characteristic of Bearer Debentures? Show Answer


Q233) When debentures are redeemable at different dates, the total amount of discount on issue of debentures should be written off Show Answer