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1. Premium on Redemption of Debentures Account is: A. Personal Account B. Nominal Account C. Real Account D. None of these
A. A
B. B
C. C
D. D
2. Debenture Application Accounts is : A. Personal Account B. Real Account C. Nominal Account D. None of these
A. A
B. B
C. C
D. D
3. Debenture Allotment Account is : A. Personal Account B. Nominal Account C. Real Account D. None of these
A. A
B. B
C. C
D. D
4. Debenture Holders are the:A. Promoters of the companyB. Owners of the company C. Creditors of the company D. Auditors of the company
A. A
B. B
C. C
D. D
5. Discount on issue of debentures account is a ….. A. Fictitious Asset B. Current Asset C. Share Capital D. Fixed Asset
A. A
B. B
C. C
D. D
6. Securities Premium received on debentures is a…….A. Fixed Asset B. Capital Profit C. Current Asset D. Capital Loss
A. A
B. B
C. C
D. D
7. How would you show Debentures in the Balance sheet i.e. under which heading? A. Non-current Liabilities B. Current Liabilities C. Share Capital D. Reserve and Surplus
A. A
B. B
C. C
D. D
8. Shareholders get dividend, Debenture holders get: A. Profit B. Interest C. Bonus D. Shares
A. A
B. B
C. C
D. D
9. A Debenture is acknowledgment of debt and a contract for the repayment of principal amount with________ A. Dividend B. Profit C. Premium D. Interest
A. A
B. B
C. C
D. D
10. A debentures is issued under the ________ of company A. Common seal B. Section 12 of Companies Act C. Rules & Principles D. Registration
A. A
B. B
C. C
D. D
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