Related InterviewSolutions

• Which of the following is not a characteristic of Bearer Debentures ?A. They are treated as negotiable instruments.B. Their transfer requires a deed of transfer.C. They are transferable by mere delievery.D. The interest on it is paid to the holder irrespective of identify.
• When debentures of .Rs 1,00, 000 are issued as Collateral Security against a loan of .Rs 1,50,00 , the entry for issue of debentures will be:A. Credit Cebentures .Rs 1,50,000 and debit bank A/c.Rs 1,50,000B. Debit Debenture Suspense A/c .Rs 1,00,000 and Credit Bank A/c .Rs 1,00,000C. Debit debenture Suspense A/c .Rs 1,00,000 and Credit Debentures A/c .Rs 1,00,000D. Debit Cash A/c .Rs 1,50,000 and Credit Bank A/c .Rs 1,50,000
• Sunrise Ltd purchased a building for .Rs 5,00,000 payable as 15 % in cash and balance by allotment of 9% debentures of .Rs 100 each at a premiumof 25 % Number of debentures issued will be :A. `4,250`B. `4,000`C. `5,000`D. `3,400`
• Debentures issued as collateral security will be debited to :A. Bank AccountB. Debentures Suspense AccountC. Debentures AccountD. Bank Loan Account
• Interest payable on debentures is :A. an appropriation of profits of the companyB. a charge against profits of the companyC. transferred to sinking fund investment accountD. transferred to general reserve
• Debenture holders are :A. Owners of the CompanyB. Debtors of the CompanyC. Creditors of the CompanyD. Promoters of the Company
• A debenture holder in entitled to :A. Fixed dividendB. Share in profitsC. Voting rights in the companyD. Interest at the fixed rate
• Interest on debentures issued as a collateral security is paid on :A. Nominal value of debenturesB. No interest is paidC. Face value of debenturesD. Paid up value of debentures
• On issue of debentures as a collateral security, which account is credicted ?A. Debentures AccountB. Bank Loan AccountC. Debentures Holding AccountD. Debenture Suspense Account
• Debenture Application Account is in the nature ofA. RealAccountB. Personal AccountC. Nominal AccountD. None of the Above