CBSE Class 12 Accountancy Issue and Redemption of Debentures Quiz 7

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

1/8

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1. Premium on redemption of debentures account is :

A A real account B A nominal account C A personal account D None of these

2. Debenture premium can be used to :

A Write off the discount on issue of shares or debentures B Write off the premium on redemption of shares or debentures C Write off capital loss D All of the above

3. Which of the following is false ?

A A company can issue redeemable debentures B A company can issue debentures with voting rights C A company can buy its own shares D A company can buy its own debentures

4. Debenture is the part of:

A Share Capital B Long-term Borrowings C Owned Capital D None, of these

5. Consideration of Debenture is:

A Profit B Dividend C Interest D None of these

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

A Asset B Liability C Expense D Revenue

7. Debenture is a :

A Loan Certificate B Cash Certificate C Credit Certificate D None of these

8. Loss on issue of debentures is recorded as :

A Intangible Asset B Current Asset C Current Liability D Miscellaneous Expenditure

Practice more on Issue and Redemption of Debentures

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