Download App

Issue and Redemption of Debentures — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyIssue and Redemption of Debentures1 Mark
Question
Using Second Method, Which Account Is to debited When Debentures are Issued of 10,000, 9% debentures of Rs. 100 each as collateral security for bank loan of Rs. 10,00,00.
  1. Debenture Suspense A/c
  2. Loan Account
  3. 9% Debentures A/c
  4. Interest On Debentures A/c
✓

Answer

  1. Debenture Suspense 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 "M.C.Q (1 Marks)" from Issue and Redemption of Debentures→Issue and Redemption of Debentures — all question types→Accountancy STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

In periods of inflation, accounting depreciation is ______________ relative to replacement cost and real economic income is ______________.
  1. overstated, overstated
  2. overstated, understated
  3. understated, overstated
  4. understated, understated
→
Which of the following items is not an operating expense?
  1. Advertising
  2. Depreciation of office equipment
  3. General management salaries
  4. Loss on the sale of motor car
→
Net profit during the year Rs5,00,000, Depreciation in the beginning Rs1,50,000, Depreciation at the end Rs2,50,000, What is the amount of funds from operation?
  1. Rs5,00,000
  2. Rs6,00,000
  3. Rs4,00,000
  4. Rs1,00,000
→
The gaps between the management performance and ownership expectations are understood through _________.
  1. Cash flow statements
  2. Financial statements
  3. Fund flow statement
  4. Income statement
→
The statement of cash flows clarifies cash flows according to:
  1. Operating and non-operating flows.
  2. Investing and non-operating flows.
  3. Inflows and outflows.
  4. Operating, investing and financing activities.
→
Section 12 requires that One Person company shall mention along with its name(in brackets) ____________.
  1. One Person Company
  2. OPC
  3. One Person Company Pvt Ltd or Ltd
  4. None of the above
→
Time - series analysis is often used to:
  1. Assess developing trends.
  2. Correct errors of judgement.
  3. Reflect performance relative to some norms.
  4. Standardize results.
→
Public limited companies cannot issue __________.
  1. Equity shares
  2. Deferred shares
  3. Preference shares
  4. Right Share
→
Free cash flow is Rs 12000, an operating cash flow is Rs 4000, an investment outlay cash flow is Rs 5000 then salvage cash flow would be _______________.
  1. -Rs 21, 000.00
  2. Rs 21, 000.00
  3. -Rs 3, 000.00
  4. Rs 3, 000.00
→
Which of the following is not true and opinion on financial statements?
  1. The auditor should express an opinion on financial statements.
  2. His opinion is no guarantee to future viability of business.
  3. He is responsible for detection and prevention of frauds and errors in financial statements.
  4. He should examine whether recognised accounting principle have been consistenly.
→