CBSE Class 12 (Commerce) Accounting for Companies: Debentures — practice questions
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Practice CBSE Class 12 (Commerce) Accounting for Companies: Debentures in the app →The Latin word debere, behind debenture, means what?A debenture is best described as which of the following?Debenture is defined as including bonds under which law?How often is interest on debentures usually paid?The terms debentures and bonds are now generally treated as what?Debentures of a company form part of which kind of capital?What is the return paid on debentures called?Debenture interest differs from equity dividend because its rate is what?In accounting terms, payment of debenture interest is treated as what?Dividend paid to shareholders is, in accounting, what?Who normally enjoys voting rights in a company's general meeting?During the life of a company, the amount of shares is normally what?Debentures are generally secured by what?Which of these can be converted into the other if the terms allow?A charge created on one specific asset of a company is called what?A floating charge on debentures is created on which assets?Debentures backed by a charge on company assets in case of default are called what?Debentures with no specific charge on the assets of the company are called what?Debentures payable on expiry of a specified period are what?Another name for irredeemable debentures is what?Redeemable debentures may be redeemed at which price?Debentures that can become equity shares at the holder's or company's option are what?Convertible debentures can be of which two kinds?Most debentures issued by companies are of which type?The rate of interest fixed on a debenture at issue is called what?A floating coupon rate on debentures is usually tagged with what?Which debentures carry no specific interest rate but are issued at a deep discount?For zero coupon debentures, nominal value minus issue price is treated as what?Debentures whose holders' names are entered in a company register are what?Which debentures are transferable by simple delivery?Interest on bearer debentures is paid to whoever produces what?The procedure for issuing debentures is the same as that for issuing what?Investors apply for debentures on the basis of which document?Debentures can be issued for cash, for a non-cash consideration, or as what?Debentures are issued at par when the issue price equals what?Under which balance sheet head do debentures normally appear?A Rs 100 debenture is issued at Rs 95. What is the discount per debenture?Under the Companies Act, 2013, issue of debentures at a discount is what?Discount on debentures to be written off after 12 months is shown under which head?A company issues 10,000 debentures of Rs 100 at 5 percent discount. What is the total discount?Rs 100 debentures are issued at 5 percent discount with Rs 40 on application. How much is due on allotment?Debentures of Rs 100 are issued for Rs 110. What is the premium per debenture?A company issues 2,000 debentures of Rs 100 at a premium of Rs 10. What is the securities premium?Debentures of Rs 100 call for Rs 50 on application and Rs 60 on allotment. What is the issue price?Debentures given to a vendor in payment for assets are issued for what?What is an additional security besides the primary security called?Why may a lender ask for debentures as collateral security?Which section lets discount on issue be written off from securities premium?If securities premium is inadequate, the rest of the discount is written off against what?Interest on debentures is calculated on which value?What is the yearly interest on 5,000 8% debentures of Rs 100 each?Tax on debenture interest is deducted at source under which Act?Debenture interest due is Rs 20,000 and TDS is 10 percent. What is paid to holders?When interest on debentures is due, which account is debited?Redemption of debentures means what?How many ways of redeeming debentures are listed?Which of these is not a method of redeeming debentures?When redeeming in instalments, how are the debentures to be repaid identified?Redemption by conversion applies only to which debentures?By April 30, a company must invest at least what share of debentures maturing next year?Debentures of Rs 4,00,000 mature next year. What is the minimum investment due by April 30?A company may redeem debentures before maturity if what applies?A company buys its own debentures and cancels them at once. What is this?Profit on buying back debentures below par is finally transferred to what?Debentures of Rs 20,000 face value are bought at Rs 92 per Rs 100 and cancelled. What is the profit?A firm cancels debentures of Rs 20,000 face value bought at 92 percent. How much cash does it pay?1,00,000 face value of debentures is converted into Rs 10 shares issued at Rs 2.50 premium. How many shares arDebenture holders usually lack which right at a company's general meetings?In United States usage, what does debenture specifically mean?In the United Kingdom, a debenture is usually what?Compared with convertible debentures, non-convertible ones usually carry what?