Company Accounts Issue Of Debentures CBSE Questions & Answers

Company Accounts Issue Of Debentures

This is Accountancy class 12 Company Accounts Issue of Debentures CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
Debenture Application Accounts is :
  • A
    Personal Account
    Correct
  • B
    Real Account
  • C
    None of these
  • D
    Nominal Account
2
Debenture Allotment Account is :
  • A
    Real Account
  • B
    None of these
  • C
    Personal Account
    Correct
  • D
    Nominal Account
3
Premium on Redemption of Debentures Account is :
  • A
    Personal Account
    Correct
  • B
    Real Account
  • C
    Nominal Account
  • D
    None of these
4
Debenture Holders are the :
  • A
    Creditors of the company
    Correct
  • B
    Promoters of the company
  • C
    Owners of the company
  • D
    Auditors of the company
5
Discount on issue of debentures account is a ?..
  • A
    Fixed Asset
  • B
    Current Asset
  • C
    Fictitious Asset
    Correct
  • D
    Share Capital
6
Securities Premium received on debentures is a??.
  • A
    Capital Profit
    Correct
  • B
    Current Asset
  • C
    Capital Loss
  • D
    Fixed Asset
7
Debentures are shown in the Balance sheet under the heading of ?
  • A
    Secured Loans
    Correct
  • B
    Current Liabilities
  • C
    Share Capital
  • D
    Reserve and Surplus
8
Shareholders get dividend, Debenture holders get :
  • A
    Interest
    Correct
  • B
    Profit
  • C
    Shares
  • D
    Bonus
9
Debenture is acknowledgment of debt and a contract for the repayment of principal amount with________
  • A
    Dividend
  • B
    Profit
  • C
    Interest
    Correct
  • D
    Premium
10
A debentures is issued under the ________ of company
  • A
    Registration
  • B
    Common seal
    Correct
  • C
    Rules & Principles
  • D
    Section 12 of Companies Act
11
A debenture is _________
  • A
    Debtors equity
  • B
    An external equity
    Correct
  • C
    An internal equity
  • D
    Owners equity
12
Payment of debentures is made before the ________
  • A
    Payment of Profit
  • B
    Payment of Share Capital
    Correct
  • C
    None of these
  • D
    Payment of Dividend
13
A debentureholder has no________
  • A
    Voting Right
    Correct
  • B
    Right for interest on debentures
  • C
    Right for Redemption of Debentures
  • D
    None of these
14
Debentures are generally secured by __________
  • A
    Bank Loan
  • B
    A charge on asset
    Correct
  • C
    Bank Overdraft
  • D
    A charge on liabilities
15
A debenture can be issued at _________
  • A
    Par
  • B
    All of these
    Correct
  • C
    Discount
  • D
    Premium