Xii Mcqs CH - 10 Issue of Debentures
Xii Mcqs CH - 10 Issue of Debentures
2. When debentures are issued at par and redeemable and premium the loss on
such an issue is debited to:
a. profit and loss account
b. debenture application and allotment account
c. loss on issue of debentures account
d. discount on issue of debentures account.
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ISSUE OF DEBENTURES
d. 50,400.
11. When the number of debentures applied is less than number of debentures
offered to public the issue is said to be :
a. oversubscribed
b. under subscribe
c. Fully subscribed
d. none of the above.
13. Debentures that do not carry any charge or security on assets of the company
are known as:
a. secured debentures
b. unsecured debentures
c. convertible debentures
d. registered debentures.
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ISSUE OF DEBENTURES
18. 10% debenture issued at Rs105 is repayable at Rs110, the face value of
debenture being Rs100. Calculate the amount of loss on redemption of
debentures:
a. 10
b. 5
c. 15
d. 25.
19. A ltd took over the assets of Rs6,60,000 and liabilities of Rs80,000 of B Ltd
for an agreed purchase consideration of Rs6,00,000 payable 10% in cash
and the balance by issue of 15% debentures of Rs100 each at 10% discount.
The number of debentures to be issued is:
a. 6600
b. 5400
c. 6000
d. 4500
Answers:
3
ISSUE OF DEBENTURES