Practice Test




Solutions


Correct Option :- D



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SIMILAR QUESTIONS

A company purchased 200, 12% debentures of Rs. 100 each at Rs. 97 on cum interest basis on 1st July, 2019 for immediate cancellation. Interest is payable on 30th September and 31st March each year. Profit on cancellation of debentures is -

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P Ltd. issues 8% Debenture of Rs. 100 at a discount of 5%, redeemable at the end of 5 years at par. Which of the following entry is correct?

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On issue of debentures as a collateral security, which account is credited?

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PRACTICE OTHER SUBJECTS ALSO

Cost and Management Accounting (Old Syllabus)
Direct Expenses and Overheads
Activity Based Costing (ABC)
Tax Laws and Practice (Old Syllabus)
Industrial, Labour and General Laws (Old Syllabus)
Corporate & Management Accounting (New Syllabus)
Financial and Strategic Management (New Syllabus)
Tax Laws (New Syllabus)