Download App

P2 C2 ACCOUNTING FOR DEBENTURES — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C2 ACCOUNTING FOR DEBENTURES1 Mark
MCQ
To which account debenture discount is to be transferred and debited?
  • ✓
    debenture A/c
  • B
    debenture discount                
  • C
    debenture premium A/c 
  • D
    profit-loss A/c
✓

Answer

Correct option: A.
debenture A/c

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from P2 C2 ACCOUNTING FOR DEBENTURES→P2 C2 ACCOUNTING FOR DEBENTURES — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Increase in current assets and decrease in current liabilities means $..........$
→
Before the company decides to redeem the debentures out of profit, the company has to transfer $....... \%$ of total face value of issued debentures to debenture redemption reserve A/c.
→
$.........$ shows financial position of a company while shows financial performance of a company.
→
What is the interest on drawings of partners for a partner ?
→
What is debenture redemption premium for company?
→
At the time of dissolution, the Goodwill is $Rs. 50,000$ in Balance Sheet. No specification has been given regarding it. What will be the effect?
→
Which method is appropriate for the computation of goodwill when every year profit is increasing ?
→
$A, B$ and $C$ are partners of a firm. Goodwill is valued at $Rs.60,000$ at the time of retirement of $A.$ How much goodwill amount will be credited to partner $A's$ account?
→
Revaluation account is also known as$ ...........$
→
At the time of reconstruction of a partnership firm, investments are shown at $........$ in the balance sheet after the revaluation.
→