Issue of debentures for consideration other than cash - class-XII
Description: issue of debentures for consideration other than cash | |
Number of Questions: 60 | |
Created by: Akash Patil | |
Tags: company accounts : issue of shares and debentures company accounts - issue of debentures elements of accounts book keeping and accountancy accounting for debentures accountancy issue and redemption of debentures company accounts (debentures) accounting for share capital and debentures |
If a 2 - year redeemable bond is purchased and held till maturity , the rate of return earned is called ______________.
Which of the following can be utilized for redemption of preference shares?
The Securities Premium amount may be utilised by a company for
In case of an issue of a debenture of Rs$100$ at Rs$100$ but redeemable at Rs$106$, Rs$6$ is to be:
Which of the following is false with respect to debentures?
Which of the following is/are true with respect to debentures?
When debentures are issued as collateral security, the final entry for recording the transaction in the books is ______.
What is the journal entry for issuing debentures as collateral security?
Monika Ltd. purchased land and building worth Rs. 28,80,000 and in lieu issued debentures of Rs. 100 each at a discount of $4\%$. What is the number of debentures issued?
V Kare Ltd. issued R. 1,00,000, $7%$ debentures at $5\%$ discount redeemable after 10 years at premium of $5\%$.T he journal entry is:
Bikano Industries Ltd. purchased a plant for Rs. 100,000 payable Rs. 37,000 in cash and balance by issue of 11% debentures of Rs. 100 each at a discount of 10%. The vendor will be issued ______.
Debentures cannot be issued at a discount.
On issue of Debentures, Account to be credited is?
When debentures are issued as collateral security, no amount is received for debentures.
Unless written off, the loss on issue of debentures is shown.
If debentures are issued as consideration for purchase of any fixed asset, the entry is?
Debentures can be issued.
A debenture holder gets.
The underwriting commission in the case of issue of debentures cannot exceed.
Maximum underwriting commission payable on issue of Debentures as per Companies Act is ______________.
Which of the following is true with regard to $10\%$ Debentures issued at a discount of $20\%$?
Which of the following is not a characteristic of Bearer Debentures?
Income tax deducted from interest paid on debentures is shown as.
Which of the following statements is true?
When debentures are issued as collateral security, the final entry for recording the transaction in the books is?
Which of the following statements is false?
Discount on issue of debentures is a.
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 of debentures to be written off every year will be.
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 Rs. $20$ per debenture?
Which of the following statement is false?
Which of the following is true regarding debentures?
Which of the following is false?
The following journal entry appears in the books of X Co. Ltd. The debentures have been issued at.
Dr. (Rs.) | Cr. (Rs.) | |
---|---|---|
Bank A/c | $96,000$ | |
Loss on issue of debentures A/c | $10,000$ | |
To $8\%$ debentures A/c | $1,00,000$ | |
To premium on redemption of debentures A/c | $6,000$ |
Which of the following is false regarding debentures?
Debenture premium cannot be used to.
When debentures are issued as collateral security, the final entry for recording the transaction in the books is ________________.
W 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 __________.
Debentures of a company can be issued :
On issue of debentures as a collateral security, which account is creadited?
Which of the following is not a characteristic of Bearer Debentures?
Which debentures are secured by a charge -
In Balance Sheet of a Company, Interest accrued but not due on debentures appears under the head -
X Ltd. purchased land and building for Y. Ltd for a book value of Rs$4,00,000$. The consideration was paid by issue of $12\%$ Debentures of Rs$100$ each at a discount of $20\%$. The debentures account is credited with -
Loss on Issue of Debentures Account is a -
In the Balance Sheet of a company Debentures account appears under the head:
The underwriting commission in case of issue of debentures can't exceed _______.
Which of the following is false with respect to debentures?
When debenture are issued as collateral security, the final entry for recording the transaction in the books is _______.
Which of the following is/are true with respect to debentures?
Mohan Lai Ltd. purchased a plant for Rs. 20,000 payable Rs. 6,500 in cash and balance by issue of 9% debentures of Rs. 100 each at a primium of 10%. Find the number of debentures to be issued to the vendor.
ABC Ltd. has issued $3,000$ fully Convertible Debentures of Rs. $100$ each. Each Debentures is convertible into $8$ shares of Rs. $10$ each. Amount of share capital credited on conversion will be.
The following entry appears in the books of Vikas Ltd.
Rs. | Rs. | |
---|---|---|
Bank Account | $95,000$ | |
Loss on issue of Debenture A/c | $13,000$ | |
To $8\%$ Debentures A/c | $1,00,000$ | |
To Premium on Redemption of Debentures A/c | $8,000$ |
Debentures have been issued at a discount of.
When debentures are issued as collateral security to a banker, which account will be debited.
X Co. Ltd purchased assets worth Rs. $28,80,000$. It issued debentures of Rs. $100$ each at a discount of $4\%$ in full satisfaction of the purchase consideration. The number of debentures issued to the various of asset is?
The following journal entry appears in the books of X Co. Ltd.
Bank A/c | Dr. Rs. $4,75,000$ | |
---|---|---|
Loss on Issue of Deb. A/c | Dr. Rs. $75,000$ | |
To $12\%$ Debentures A/c | $5,00,000$ | |
To Premium on redemption of Deb. A/c | $50,000$ |
Debentures have been issued at a discount of.
When debentures of Rs. $1,00,000$ are issued as collateral security, against a loan of Rs. $1,50,000$, the entry for issue of debentures will be
It is uncommon is case of debentures issued as collateral security that______.
Features of debentures issued as collateral securities. Select from the given options______.
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 year will be.
A Ltd issued $3,000$ $15\%$ Debentures of Rs. $100$ each at a discount of $7.5\%$ payable at a premium of $5\%$ at the end of $5$ years. The loss on issue of debentures will be.