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

  • 1. 
    Premium on redemption of debentures account is :

  • A real account
  • A nominal account
  • A personal account
  • None of these

  • 2. 
    Debenture premium can be used to :

  • Write off the discount on issue of shares or debentures
  • Write off the premium on redemption of shares or debentures
  • Write off capital loss
  • All of the above

  • 3. 
    Which of the following is false ?

  • A company can issue redeemable debentures
  • A company can issue debentures with voting rights
  • A company can buy its own shares
  • A company can buy its own debentures

  • 4. 
    Debenture is the part of:

  • Share Capital
  • Long-term Borrowings
  • Owned Capital
  • None, of these

  • 5. 
    Consideration of Debenture is:

  • Profit
  • Dividend
  • Interest
  • None of these

  • 6. 
    Premium on Redemption of Debenture A/c is.:

  • Asset
  • Liability
  • Expense
  • Revenue

  • 7. 
    Debenture is a :

  • Loan Certificate
  • Cash Certificate
  • Credit Certificate
  • None of these

  • 8. 
    Loss on issue of debentures is recorded as :

  • Intangible Asset
  • Current Asset
  • Current Liability
  • Miscellaneous Expenditure
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