When all debentures are redeemed, the balance in the Debenture Redemption Fund A/C is transferred to ?
(A) Capital Reserve
(B) General Reserve
(C) Profits & loss appropriation Statement
(D) None of these
1 Answers
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Receipts and Payments Account usually indicates - (A) Surplus/deficit (B) Cash balance (C) Capital fund (D) Net profit/loss
Correct option is: (B) Cash balance
2 Answers 1 views
General Reserve Account always shows - (A) Debit balance (B) Credit balance (C) Debit & credit balance (D) None of these
Correct option is: (A) Debit balance
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
2 Answers 1 views
In the Balance-Sheet of a company, debentures are shown under which head ?
Correct option is: (B) Long term Loan
2 Answers 1 views
Debentures which are transferred by mere delivery are called ?
Correct option is: (C) Bearer debenture
2 Answers 1 views
Profit on cancellation of own debentures is transferred to :-
Correct option is: (D) Capital Reserve Account
2 Answers 1 views
According to Company Rules 2014, a company will have to create Debenture Redemption Reserve atleast how much percentage of the face
Correct option is: (B) 25 %
2 Answers 1 views
Premium on Redemption of Debenture A/C is - (A) Personal account (B) Real account (C) Nominal account
Correct option is: (D) Suspense account
2 Answers 2 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
Finserve Ltd.is carrying on a Mutual Fund business.It invested ₹30,00,000 in shares and ₹15,00,000 In debentures of various companies during the year.
Correct Answer - Cash Flow from Investing Activities=Nil
2 Answers 7 views