CBSE Class 12 Accountancy Issue and Redemption of Debentures Quiz 5

Quiz Guides

Quiz Guides

CBSE

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

1/10

0:00

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

A Revenue Loss B Capital Loss C Deferred Revenue Expenditure D None of there

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

A First of all B Last of all C Before Equity Capital D None of those

3. Interest payable on debentures is :

A An appropriation of profits of the company B A charge against profits of the company C Transfer to Sinking Fund D None of the above

4. Debentures cannot be redeemed at:

A Premium B Discount C Par D None of these

5. Debentures represent:

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

6. Debentures carries interest at: .

A 12% p.a. B Fixed Rate C 20% p.a. D 6% p.a.

7. Generally debentures are :

A Secured B Unsecured C Partly Secured D None of these

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

A Revenue Receipt B Profit C Capital Receipt D All of these

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

A Capital Loss B Revenue Loss C General Loss D None of these

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

A Assets side B Liabilities side C None of these D All of these

Practice more on Issue and Redemption of Debentures

Free chapter-wise MCQ practice with instant answers and explanations for CBSE classes 6–12 — plus timed mock tests. Learn smarter, score higher.