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

  • 1. 
    Discount on issue of Debentures is in the nature of:

  • Revenue Loss
  • Capital Loss
  • Deferred Revenue Expenditure
  • None of there

  • 2. 
    On liquidation of a company, principal amount of debentures is returned:

  • First of all
  • Last of all
  • Before Equity Capital
  • None of those

  • 3. 
    Interest payable on debentures is :

  • An appropriation of profits of the company
  • A charge against profits of the company
  • Transfer to Sinking Fund
  • None of the above

  • 4. 
    Debentures cannot be redeemed at:

  • Premium
  • Discount
  • Par
  • None of these

  • 5. 
    Debentures represent:

  • Director’s Share in a Company
  • Investments by Equity Shareholders
  • Long-term Debt of the Business
  • None of these

  • 6. 
    Debentures carries interest at: .

  • 12% p.a.
  • Fixed Rate
  • 20% p.a.
  • 6% p.a.

  • 7. 
    Generally debentures are :

  • Secured
  • Unsecured
  • Partly Secured
  • None of these

  • 8. 
    Premium on issue of debentures is a for Company :

  • Revenue Receipt
  • Profit
  • Capital Receipt
  • All of these

  • 9. 
    For a company discount on issue of debentures is :

  • Capital Loss
  • Revenue Loss
  • General Loss
  • None of these

  • 10. 
    ‘Premium on issue of debentures’ is shown in the Balance Sheet on:

  • Assets side
  • Liabilities side
  • None of these
  • All of these
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