CBSE  /  Class 12  /  Accountancy  /  Issue and Redemption of Debentures

  • 1. 
    A company issued 1000, 12% debentures of ₹ 100 each at 10% premium. 12% stand for :

  • Rate of Dividend
  • Rate of Tax
  • Rate of Interest
  • None of these

  • 2. 
    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 :

  • 9,000 Shares
  • 10,500 Shares
  • 10,000 Shares
  • 8,500 Shares

  • 3. 
    ‘Premium on Redemption of Debentures A/c is in the nature of:

  • Personal A/c
  • Real A/c
  • Nominal A/c
  • None of these

  • 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 :

  • ₹ 10,00,000
  • ₹ 6,00,000
  • ₹ 16,00,000
  • ₹ 4,00,000

  • 5. 
    Debenture is a :

  • Loan certificate
  • Cash certificate
  • Credit certificate
  • None of these

  • 6. 
    Debenture holders are the :

  • Customers of the Company
  • Owners of the Company
  • Creditors of the Company
  • None of these

  • 7. 
    In case of issue of debentures as a collateral security for loan from the bank which account will be debited :

  • Bank Account
  • Bank Loan Account
  • Debentures Account
  • Debentures Suspense Account

  • 8. 
    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:

  • Profit & Loss A/c
  • Goodwill A/c
  • General Reserve A/c
  • Capital Reserve A/c

  • 9. 
    Debentures which are transferred by mere delivery are called:

  • Registered Debentures
  • First Debentures
  • Bearer Debentures
  • None of these

  • 10. 
    In the Balance Sheet of a Company, Debentures are shown under the head :

  • Unsecured Loans
  • Long-term Loans
  • Current Liabilities
  • Reserve and Surplus
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