Discount on issue of debentures is of which nature ?
(A) Revenue Loss
(B) Capital Loss
(C) Deferred Revenue Expenditure
(D) None of these
1 Answers
Amount received from the issue of debentures is :-
Correct option is: (A) Capital Receipts
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Discount on issue of debentures is :- (A) Fixed Asset (B) Current Asset (C) Real Asset (D) Fictitious Asset
Correct option is: (D) Fictitious Asset
2 Answers 1 views
Debentures can not be redeemed at :- (A) Premium (B) Discount (C) Par (D) None of these
Correct option is: (B) Discount
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In the Balance-Sheet of a company, debentures are shown under which head ?
Correct option is: (B) Long term Loan
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In case of issue of debentures as a collacteral security for loan taken from the bank, which account will be debited ?
Correct option is: (D) Debenture Suspense Account
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Newton Ltd. purchased a Machinery from B for ₹ 5,76,000. to be paid by the issue of 9% Debentures of ₹ 100 each at 4% discount . Journalise the tr
Correct Answer - 6,000 Debentures of ₹ 100 each .
2 Answers 1 views
On 1st April, 2015, Mathew Ltd. Issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5%, redeemable at a premium of 5%. These debentures were
Correct Answer - (i) year ended 31st March, 2016: Loss on issue of Debentues - ₹ 1,00,000 to be written off from Statement of Profit and Loss in the year...
2 Answers 24 views
Trade discount is calculated after cash discount while calculating discount on purchase or sales.
Trade discount is calculated before cash discount while calculating discount on purchase or sales.
2 Answers 1 views
A shopkeeper allows a discount of 15% on all the goods purchased from his shop. On request, he further allows a discount of 10% on the new price of th
Correct Answer - `23(1)/(2)%`
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A merchant gets a profit of 20% by allowing a discount of 10%.Instead, if he allows a discount of 15%, then what would be his loss or profit percentag
Correct Answer - `13(1)/(3)%`
2 Answers 1 views