MCQ Questions Class 12 Accountancy Chapter 7 Issue and Redemption of Debentures with Answers

Free PDF Download of CBSE Class 12 Accountancy Chapter 7 Issue and Redemption of Debentures Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve MCQ NCERT Class 12 Accountancy Chapter 7 Issue and Redemption of Debentures Multiple Choice Questions with Answers to know their preparation level.

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Issue and Redemption of Debentures Class 12 MCQs Questions with Answers

Class 12 Accountancy Chapter 7 Issue and Redemption of Debentures MCQ Questions with Answers

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1. A company issued 1,000, 12% debentures of ₹ 100 each at 10% premium. 12% stand for:

 
 
 
 

2. If debentures purchased in open market are not immediately cancelled, they are treated as :

 
 
 
 

3. Sinking fund investment is:

 
 
 
 

4. If debenture of ₹ 1,00,000 were issued for discount of ₹ 10,000, which are redeemable after four years. Then amount of discount to be written off from P. & L. Account each year is :

 
 
 
 

5. Interest on sinking fund investment is credited to :

 
 
 
 

6. Loss on Issue of Debenture Account is shown

 
 
 
 

7. The balance of ‘Sinking Fund Account’ after the redemption of debentures is transferred to :

 
 
 
 

8. Profit on cancellation of own debentures is transferred to:

 
 
 
 

9. Sources of finance of the redemption of debentures are:

 
 
 
 

10. When all debentures are redeemed, balance in the Debenture Redemption Fund Account is transferred to

 
 
 
 

11. If redemption of debentures is made by conversion method, the amount to be transferred to ‘Debenture Redemption Reserve Account’ will be equal to…….percent of converted amounted.

 
 
 
 

12. Debentures can be redeemed out of:

 
 
 
 

13. Premium on Redemption of Debentures A/c is:

 
 
 
 

14. Debentures cannot be redeemed at:

 
 
 
 

15. Profit on sale of Sinking Fund Investment is transferred to

 
 
 
 

16. Premium on redemption of debentures is a :

 
 
 
 

17. According to SEBI guidelines, a Company will have to create debenture redemption reserve equivalent to the amount of the following percentage of debenture issued:

 
 
 
 

18. Premium on redemption of debentures is generally provided at the time of ……………

 
 
 
 

19. When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to :

 
 
 
 

20. A company should transfer to Debenture Redemption Reserve A/c at least what percent of the amount of debentures issued before the commencement of redemption of debentures-

 
 
 
 

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