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Accounting for ...

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  • Question 1
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    When a company issue its debentures at discount, the amount of discount is considered as a:

  • Question 2
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    The amount of discount which is unamortized or cannot be written off , is shown in the balance sheet under the ----------

  • Question 3
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    Vinod Limited issued 1,000, 13% debentures of Rs.100 each at a premium of 10%. Applications were received for 950 debentures only. All applications were accepted and debentures were allotted. What amount is to be credited to the Securities Premium Account?

  • Question 4
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    Vinod Limited issued 1,000, 13% debentures of Rs.100 each at a premium of 10%. Applications were received for 1500 debentures and pro-rata allotment was made to all the applicants. All applications were accepted and debentures were allotted. What amount is to be refunded to the applicants?

  • Question 5
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    Which of the following is not a regular method of redemption of debentures?

  • Question 6
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    Vinod Limited has to redeem its debentures worth Rs.60,000 by paying a lump sum amount to the debenture holders. How much DRR company should create?

  • Question 7
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    Vinod Limited has to redeem its debentures worth Rs.80,000 by paying a lump sum amount to the debenture holders. There is balance available in the DRR ₹9,000. How much DRR company must create to fulfil as per the Rule?

  • Question 8
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    Vinod Limited has to redeem its debentures worth ₹1,00,000 by paying a lump sum amount to the debenture holders. There is balance available in the DRR ₹14,000. How much DRR company must create if the redemption is made purely out of the profits?

  • Question 9
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    Maximum discount limit on issue of debentures is

  • Question 10
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    When a company issue some debentures for a longer period with the charge of some assets they are called ________

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