CBSE Class 12 Issue and Redemption of Debentures Multiple Choice Questions with Answers. MCQ Questions Class 12 Issue and Redemption of Debentures with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Issue and Redemption of Debentures with Answers to know their preparation level.
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MCQ Questions Class 12 Issue and Redemption of Debentures with Answers - Set - 4
Question 1:
In the Balance Sheet of a Company, Debentures are shown under the head :
(a) Unsecured Loans
(b) Long-term Loans
(c) Current Liabilities
(d) Reserve and Surplus
Correct Answer – (B)
Question 2:
If debentures of ₹ 4,50,000 are issued for the consideration of net assets of ₹ 5,00,000 balance ₹ 50,000 will be credited to:
(a) Profit & Loss A/c
(b) Goodwill A/c
(c) General Reserve A/c
(d) Capital Reserve A/c
Correct Answer – (D)
Question 3:
Debenture holders are the :
(a) Customers of the Company
(b) Owners of the Company
(c) Creditors of the Company
(d) None of these
Correct Answer – (C)
Question 4:
Deep Ltd. issue 10,00,000, 7 % debentures of 100 Rs. each at a discount of 4%, redeemable after 5 years at a premium of 6%. Loss issue of debentures is :
(a) ₹ 10,00,000
(b) ₹ 6,00,000
(c) ₹ 16,00,000
(d) ₹ 4,00,000
Correct Answer – (A)
Question 5:
BST Ltd. want to redeem its 900, 10% debentures at 105% by converting them into shares of ₹ 10 each at ₹ 9 each. The number of shares to be issued will be :
(a) 9,000 Shares
(b) 10,500 Shares
(c) 10,000 Shares
(d) 8,500 Shares
Correct Answer – (B)
MCQ Questions Class 12 Issue and Redemption of Debentures With Answers
Question 6:
Debentures which are transferred by mere delivery are called:
(a) Registered Debentures
(b) First Debentures
(c) Bearer Debentures
(d) None of these
Correct Answer – (C)
Question 7:
In case of issue of debentures as a collateral security for loan from the bank which account will be debited :
(a) Bank Account
(b) Bank Loan Account
(c) Debentures Account
(d) Debentures Suspense Account
Correct Answer – (D)
Question 8:
Debenture is a :
(a) Loan certificate
(b) Cash certificate
(c) Credit certificate
(d) None of these
Correct Answer – (A)
Question 9:
‘Premium on Redemption of Debentures A/c is in the nature of:
(a) Personal A/c
(b) Real A/c
(c) Nominal A/c
(d) None of these
Correct Answer – (C)
Question 10:
A company issued 1000, 12% debentures of ₹ 100 each at 10% premium. 12% stand for :
(a) Rate of Dividend
(b) Rate of Tax
(c) Rate of Interest
(d) None of these
