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A company issued debentures of Rs. 60,000 at discount of Rs. 3,000 on 1<sup>st</sup> April 1996. they are repayable in 3 equal instalments each on 31<sup>st</sup> March, every year. The financial year of the company ends on 31<sup>st</sup> December every year. How much discount will be written off in the second year:
A
Rs. 1,000
B
Rs. 625
C
Rs. 1,500
D
Rs. 1,125
Correct Answer:
Rs. 1,125
A company issued Rs. 1,00,000 worth of $$7\frac{1}{2}\% $$ Debentures of Rs. 100 each at a discount of 5%. These debentures are repayable after 10 years in a lum-sum at a premium of 5%. The amount of loss on issue of debentures to be written-off each year will be
A
Rs. 1,000
B
Rs. 5,000
C
Rs. 500
D
Rs. 1,500
Where a promissory note is payable by instalments, and two or more instalments have become due, and the holder of the note sues only for one of the instalments and omits to sue for the other instalments.
A
He can afterwards sue for these instalments
B
He cannot afterwards sue for these instalments
C
Either (A) or (B)
D
None of these
A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down 11 percent from 1996 and revenues from truck sales in 1997 were up 7 percent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 percent from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996?
A
1 : 2
B
4 : 5
C
1 : 1
D
3 : 2
A company bought assets worth Rs. 3,60,000 and in lieu issued debentures of Rs. 100 each at a discount of 10%. The number of debentures issued will be:
A
3,900
B
3,600
C
3,000
D
4,000
The 'Debenture Redemption Fund' of a company stood at Rs. 16,000 represented by Rs. 20,000 (nominal) investment. The company in order to redeem debentures of Rs. 10,000 at 1% premium sold Rs. 12000 (nominal) investments of Rs. 100 each at Rs. 84 each for the purpose of redeeming Rs. 10,000 debentures at a premium of 1%. After the redemption of debentures, the balance in the Debenture Redemption Fund a/c will be:
A
Rs. 5,690/5,690
B
Rs. 6,270/6,270
C
Rs. 6,380/6,380
D
Rs. 7,220/7,220
নিম্নোক্ত তথ্য থেকে ৩১ ডিসেম্বর ১৯৯৬ তারিকে দায় বের কর- ৩১-১২-৯৬ তারিখে সম্পদ ৭,০০০ টাকা; ৩১ ডিসেম্বর ১৯৯৬ তারিখে সমাপ্ত বছরে লোকসান ২,০০০ টাকা; মালিকানা স্বত্ব ১ জানুয়ারি ১৯৯৬ তারিকে ৬,০০০ টাকা ৩১ ডিসেম্বর ১৯৯৬ তারিকে সমাপ্ত বছরে নতুন মূলধন সংযোজন ১,০০০ টাকা; ৩১ ডিসেম্বর ১৯৯৬ তারিকে সমাপ্ত বছরে উত্তোলন বাবদ ৩,০০০ টাকা ।
A
৪,০০০ টাকা
B
৫,০০০ টাকা
C
৩,০০০ টাকা
D
২,০০০ টাকা
X Ltd. purchased land and building worth Rs. 28,80,000 and in lieu issued debentures of Rs. 100 each at a discount of 4%. The number of debentures issued will be:
A
28,800
B
30,000
C
32,000
D
None of the above
What is/are the following differences between private and public limited companies?
1. In a private limited company there is restriction on the number of members, where as no such restriction is applicable on a public limited company.
2. A private limited company can be listed on a stock exchange, where as a public limited company is always listed on a stock exchange.
3. A private limited company cannot issue debentures, whereas a public limited company can issue debentures.
A
1 only
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
Consider the following statements about the Salt March :1.The Salt March was deliberately ignored by the European media.2.The Salt March was widely covered by the American and European press.3.The Salt March was the first nationalist activity in which women participated in large numbers.4.The Salt March impressed upon the British the urgent need to devolve more power to Indians.Which of the statements given above are correct?
A
1, 2 and 4
B
2, 3 and 4
C
3 and 4 only
D
2 and 3 only
Subscriptions outstanding 31
st
December, 1993 Rs. 200
Subscriptions received in advance in year 1993:
1994 ⇔ 300
1995 ⇔ 100
Total subscriptions received during 1994 Rs. 5,800
Subscriptions outstanding on 31
st
December, 1994:
1993 ⇔ 50
1994 ⇔ 250
Subscriptions received in advance in 1994:
1995 ⇔ 350
1996 ⇔ 150
Subscriptions to be shown in Income and Expenditure Account for the year ended 31
st
December, 1994 is:
A
Rs. 5,600
B
Rs. 5,700
C
Rs. 5,800
D
Rs. 5,900