MCQ Issue And Redemption of Debentures Chapter 2 Class 12 Accounts Advertisement MCQ’s For All Chapters – Accountancy Class 12th 1. Premium on Redemption of Debentures Account is: A. Personal Account B. Nominal Account C. Real Account D. None of theseABCDQuestion 1 of 102. Debenture Application Accounts is : A. Personal Account B. Real Account C. Nominal Account D. None of theseABCDQuestion 2 of 103. Debenture Allotment Account is : A. Personal Account B. Nominal Account C. Real Account D. None of theseABCDQuestion 3 of 104. Debenture Holders are the:A. Promoters of the companyB. Owners of the company C. Creditors of the company D. Auditors of the companyABCDQuestion 4 of 105. Discount on issue of debentures account is a ….. A. Fictitious Asset B. Current Asset C. Share Capital D. Fixed AssetABCDQuestion 5 of 106. Securities Premium received on debentures is a…….A. Fixed Asset B. Capital Profit C. Current Asset D. Capital LossABCDQuestion 6 of 107. How would you show Debentures in the Balance sheet i.e. under which heading? A. Non-current Liabilities B. Current Liabilities C. Share Capital D. Reserve and SurplusABCDQuestion 7 of 108. Shareholders get dividend, Debenture holders get: A. Profit B. Interest C. Bonus D. SharesABCDQuestion 8 of 109. A Debenture is acknowledgment of debt and a contract for the repayment of principal amount with________ A. Dividend B. Profit C. Premium D. InterestABCDQuestion 9 of 1010. A debentures is issued under the ________ of company A. Common seal B. Section 12 of Companies Act C. Rules & Principles D. RegistrationABCDQuestion 10 of 10 Loading...
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