Redemption by payment in lump sum - class-XII
| Description: redemption by payment in lump sum | |
| Number of Questions: 23 | |
| Created by: Garima Pandit | |
| Tags: accountancy elements of accounts issue and redemption of debentures company accounts - redemption of debentures accounting for share capital and debentures accounting for debentures |
Which of the following statements is false?
Transferring Debenture Redemption Fund A/c balance to General Reserve is the ____ step involved in working of sinking fund method.
After redemption of debentures, the balance of debenture sinking fund is transferred to:
Accounting entry for recording loss on the realization of sinking fund investment is:
Which of the following should not be considered as a part of purchase consideration?
Where all the debentures are redeemed, the balance left in the debentures sinking fund account is transferable to:
Accounting entry for making the provision for the redemption of debentures is:
When all the debentures are redeemed the balance left in the debentures sinking fund account is transferred to:
____________ is created to provide fund for redemption of debentures as and when they become due for redemption.
___________ is created to provide for not only depreciation on the assets but also to provide sufficient funds for replacement of the assets at the end of its life.
The balance of the debentures sinking fund after redemption of debentures is transferred to ___________________.
When debenture sinking fund is created ___________________.
Which is not the salient feature of sinking fund method?
A check returned by bank marked "NSF" means that:
The following is common in sinking fund method:
Under redemption by _________, debentures can also be redeemed by converting them into shares or new debentures.
From the point of view of Registration, the debentures are classified as -
Which is not the salient feature of sinking fund method?
Interest is credited to profit and loss account in ________________.
Identify the statement which is common in sinking fund method from the following.
Profit on sale of sinking fund investment is credited to ______________.
Sinking fund is _________.
After the redemption of debentures, any credit balance in the Sinking Fund A/c is transferred to ______ A/c.