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  • Question 1
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    Interest on debentures will be paid to debenture holders _________

  • Question 2
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    If a company issues its debentures at premium and receive excess applications out of which some are rejected and pro-rata allotment made to the remaining. Full amount is payable on application only. What journal entries will you record?

  • Question 3
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    While passing the entry for refund of money if the applications are rejected. Which account should be credited

  • Question 4
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    When an instrument is issued without interest rate and issue price is thereby discounted, the issue of such instrument is called ----

  • Question 5
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    A debenture of Rs. 100 is issued at Rs. 110.It is an example of

  • Question 6
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    Which of the following is not a regular method of redemption of debentures?

  • Question 7
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    Why is premium on the issue of debentures considered as a capital profit

  • Question 8
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    Vinod Limited offered 10,000 debentures @ 100 each at a premium of 10%. The issue was oversubscribed by 3 times. Company made full allotment to 2,000 applicants and pro-rata allotment to the applicants of 18,000 debentures. How many applications were rejected?

  • Question 9
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    Vinod Limited offered 20,000 debentures @ 100 each at a premium of 10%. The issue was oversubscribed by 3 times. Company made full allotment to 4,000 applicants and pro-rata allotment to the applicants of 36,000 debentures and remaining applications rejected. How much amount is to be refunded by the company?

  • Question 10
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    Vinod Limited offered 20,000 debentures @ 100 each at a premium of 10%. The issue was oversubscribed by 3 times. Company made full allotment to 4,000 applicants and pro-rata allotment to the applicants of 36,000 debentures and remaining applications rejected. What amount is to be credited to the Securities premium account?

  • Question 11
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    Vinod Limited issued 7,000 debentures @ 1,000 each at a discount of 10%. Rs.300 payable on application and balance on allotment. Find the amount received on allotment?

  • Question 12
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    While passing the journal entry for the purchase of assets from vendor which account should be credited

  • Question 13
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    Under any situation Debentures cannot be shown in the Balance Sheet as:

  • Question 14
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    When a company purchases some assets and issues debentures as a payment for the purchase, to the vendors it is known as issue of

  • Question 15
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    When a company issue its debentures at discount, the amount of discount is considered as a:

  • Question 16
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    Vinod Limited has 5,000, 11% Debentures which are to be redeemed within the 8 Months from the date of previous balance sheet. How will you show these debentures in the balance sheet?

  • Question 17
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    Vinod Limited invited applications for 2,000, 11% Debentures @ 100 each. The issue was oversubscribed by 5 times. What is this situation called?

  • Question 18
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    Name the security which is issued in addition to the principal security

  • Question 19
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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 20
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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 21
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    Vinod Limited issued 12%, 1,000 Debentures @ 100 each at a premium of 10%. What will be the first journal entry?

  • Question 22
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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 23
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    Debentures cannot be issued by_________

  • Question 24
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    When does a company issue debentures as collateral security

  • Question 25
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    Vinod Limited invited applications for 2,000, 11% Debentures @ 100 each. The company received application only for 1900 debentures. What is this situation called?

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