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ISC Class 12 Financial Accounting & Debentures — practice questions — page 3

Explore 64 free Financial Accounting & Debentures questions in ISC Class 12 Accountancy. Open each question or exercise to read its content, reference answers and available explanation.

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Financial Accounting & Debentures questions and exercises with answers

Showing questions 61–64 of 64.

When a debenture of face value ₹100 is issued for ₹100, it is issued:Read the answer and worked solution →Match the statement termRead the answer and worked solution →Order the capital ladderRead the answer and worked solution →Complete the debenture ruleRead the answer and worked solution →

Worked practice questions

When a debenture of face value ₹100 is issued for ₹100, it is issued:

  1. at call
  2. at par
  3. at premium
  4. at discount
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Correct answer: B. at par

Issued at face value = at par.

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Match the statement term

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Matching pairs
  1. Left
    Balance sheet
    Right
    Position on one given date
  2. Left
    Profit and loss
    Right
    Performance over a period
  3. Left
    Schedule III
    Right
    Prescribed form of the accounts
Instructions
Match each term to what it means.
_Source: syllabus Accountancy, Ch 3 'Financial Statements of a Company'_

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Order the capital ladder

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Steps
  1. Authorised capital
  2. Issued capital
  3. Subscribed capital
  4. Called up capital
  5. Paid up capital
Instructions
Tap the kinds of capital from largest to smallest.
_Source: syllabus Accountancy, Ch 1 'Accounting for Share Capital'_

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