Debentures Quiz
Authored by SATHEESH BALAKRISHNAN
Business
12th Grade
Used 3+ times
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50 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debentures issued as collateral security will be debited to:
Bank Account
Debentures Suspense Account
Debentures Account
Bank Loan Account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debentures are part of
Shareholders' funds
Borrowed Funds
Borrowings from Bank
None of these
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When debentures of ₹1,00,000 are issued as Collateral Security against a loan of ₹1,50,000, the entry for issue of debentures will be :
Credit Debentures ₹1,50,000 and debit bank A/c ₹1,50,000
Debit Debenture Suspence A/c ₹1,00,000 and Credit Bank A/c ₹1,00,000
Debit Debenture Suspence A/c ₹1,00,000 and Credit Debentures A/c ₹1,00,000.
Debit Cash A/c ₹1,50,000 and Credit Bank A/c ₹1,50,000.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debenture holders are:
Owners of the Company
Debtors of the company
Creditors of the Company
Promotors of the Company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest on debentures issued as a collateral security is paid on:
Nominal value of debentures
No interest is paid
Face value of debentures
Paid up value of debentures
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debentures are shown in the Balance Sheet of a company under the head of
Non-current Liabilities
Current Liabilities
Share Capital
None of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When debentures are to be redeemed at premium an extra entry has to be made at the time of issue of debentures, which a/c should be credited in this entry?
Loss on issue of debentures a/c
Debenture redemption premium a/c
Bank a/c
Debenture holder's a/c
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