Accountancy MCQs for Class 12 with Answers Chapter 9 Redemption of Debentures with Answer

Accounts MCQ Class 12 : Accountancy MCQs for Class 12 with Answers Chapter 9 “Redemption of Debentures“. Practicing CBSE RBSE and NCERT Accountancy MCQ Questions for Class 12 with Answers is one of the best ways to prepare for the CBSE Class 12 board exam.

Accounts MCQ Class 12 : Accountancy MCQs for Class 12 with Answers Chapter 9 “Redemption of Debentures“. Practicing CBSE RBSE and NCERT Accountancy MCQ Questions for Class 12 with Answers is one of the best ways to prepare for the CBSE Class 12 board exam.

Accountancy MCQs for Class 12 with Answers Chapter 9 Redemption of Debentures with Answer

Accountancy MCQs for Class 12 with Answers Chapter 9 Redemption of Debentures with Answer

Q1. Debentures account is always credited with the

a) Nominal value
b) Premium Value
c) Discount value
d) None of the options

a) Nominal value


a) Repayment of the due amount of debentures to the debenture holders
b) Repayment of the due amount of debentures to the Share holders
c) Repayment of the due amount of debentures to the Employees
d) None of the options

a) Repayment of the due amount of debentures to the debenture holders


Q3. When repayment is made at the date of maturity called Accountancy MCQs for Class 12 with Answers Chapter 9

a) Maturity Date
b) Maturity Profit
c) Maturity Capital
d) None of the options

a) Maturity Date


Q4. Profit on sale of debenture redemption fund investments in the first instance is credited to :

a) Debenture redemption fund account
b) Profit and loss appropriation account,
c) General reserve account
d) None of the options

a) Debenture redemption fund account


Q5. When debentures are redeemed out of profits, an equal amount is transferred to

a) Debenture redemption reserve
b) General reserve
c) Capital reserve.
d) None of the options

a) Debenture redemption reserve


Q6. Profit on cancellation of own debentures is transferred to : Accountancy MCQs for Class 12 with Answers Chapter 9

a) Capital reserve.
b) General reserve
c) Debenture redemption reserve
d) None of the options

a) Capital reserve.


Q7. Own debentures are those debentures of the company which:

a) The company purchases from the market and keeps them as investments.
b) The company allots to its own promoters,
c) The company allots to its Director,
d) None of the options

a) The company purchases from the market and keeps them as investments.


Q8. Which of the following statements are false if debentures redeemed out of capital:

a) DRR is not created if debentures are redeemed out of capital
b) Nominal value of debentures redeemed is not transferred to DRR or General Reserve.
c) Debentures account is debited and bank account is credited

a) DRR is not created if debentures are redeemed out of capital


Q9. Debentures can be redeemed out of

a) All of the options
b) Profits
c) Capital
d) Provisions made for redemption

a) All of the options


Q10. Debenture holders are the _ of company.

(a) Owner
(b) Creditors
(c) Money lender
(d) All of these.

(b) Creditors


Q11. Public Limited company can issue:

(a) Equity Share
(b) Preference Share
(c) Debenture
(d) All of these.

(d) All of these.


Q12. __ is written acknowledgment of debt.

(a) Equity share
(b) Preference share
(c) Debenture
(d) All of these.

(c) Debenture


Q13. _ debentures have to be redeemed within a fixed period of time. Accountancy MCQs for Class 12 with Answers Chapter 9

(a) Convertible
(b) Redeemable
(c) Participating
(d) Naked.

(b) Redeemable


Q14. Debentures may be issued at _.

(a) par
(b) premium
(c) Discount
(d) All of these.

(d) All of these.


Q15. When the number of debenture applied for is less than the number of debenture offered, is called __ subscription.

(a) over
(b) under
(c) minimum
(d) None of these.

(b) under


Q16. The provisions of Companies Act 2013 with respect to redemption to debentures are to protect the interest of | Accountancy MCQs for Class 12 with Answers Chapter 9

(a) debenture holders
(b) creditors
(c) shareholders
(d) Banks

(a) debenture holders


Q17. If debenture of ₹ 1,00,000 were issued for discount of ₹ 10,000, which are redeemable after four years. Then amount of discount to be written off from P. & L. Account each year is :

(a) ₹ 3,000
(b) ₹ 4,000
(c) ₹ 2,500
(d) ₹ 5,000

(c) ₹ 2,500


Q18. Debentures can be redeemed out of:

(a) Profit
(b) Capital
(c) Provision
(d) All of the above

(d) All of the above


Q19. Premium on redemption of debentures is a :

(a) Personal A/c
(b) Real A/c
(c) Nominal A/c
(d) Suspense A/c

(c) Nominal A/c


Q20. Premium on redemption of debentures is generally provided at the time of ……………

(a) Issue of debentures
(b) Redemption of debentures
(c) Writing off
(d) After 10 years

(b) Redemption of debentures


Q21. Debentures cannot be redeemed at: Accountancy MCQs for Class 12 with Answers Chapter 9

(a) Par
(b) Premium
(c) Discount
(d) More than 10% premium

(c) Discount

Accountancy MCQs for Class 12 Chapter Wise with Answers Pdf Download

MCQs for Class 12 Accountancy Chapter 1 Accounting for Partnership Firms — Fundamentals
MCQs for Class 12 Accountancy Chapter 2 Change in Profit Sharing Ratio among the Existing Partners
MCQs for Class 12 Accountancy Chapter 3 Admission of a Partner
MCQs for Class 12 Accountancy Chapter 4 Retirement or Death of a Partner
MCQs for Class 12 Accountancy Chapter 5 Dissolution of a Partnership Firm
MCQs for Class 12 Accountancy Chapter 6 Financial Statements of Not-for-Profit Organisations (N.P.O.)
MCQs for Class 12 Accountancy Chapter 7 Issue of Shares
MCQs for Class 12 Accountancy Chapter 8 Issue of Debentures
MCQs for Class 12 Accountancy Chapter 9 Redemption of Debentures
MCQs for Class 12 Accountancy Chapter 10 Financial Statements of Companies
MCQs for Class 12 Accountancy Chapter 11 Financial Statements Analysis
MCQs for Class 12 Accountancy Chapter 12 Comparative Statements
MCQs for Class 12 Accountancy Chapter 13 Common Size Statements
MCQs for Class 12 Accountancy Chapter 14 Accounting Ratios
MCQs for Class 12 Accountancy Chapter 15 Cash Flow Statement

Accountancy MCQs for Class 12 Chapter Wise with Answers Pdf Free Download will help you. Accountancy MCQs for Class 12 with Answers Chapter 9 Redemption of Debentures with Answer