Free Online MCQs Questions of CBSE Class – 12 Accountancy Chapter 8 – Issue of Debentures with Answers. Free Online MCQs Questions for Class 12 Accountancy with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 12 Accountancy Class – 12 Accountancy Chapter 8 – Issue of Debentures Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.
Free Online MCQs for Class -12 Accountancy
Chapter 8 – Issue of Debentures with Answers
- Debenture holders are :
- Owners of the Company
- Debtors of the Company
- Creditors of the Company
- Promoters of the Company
- Debentures represent the :
- Long-term Borrowings of a Company
- The Investment of Equity-Shareholders
- Directors’ shares in a company
- Short-term Borrowings of a Company
- Zero Coupon Bonds are issued :
- At Zero Interest Rate
- With Specified Rate of Interest
- Without Specified Rate of Interest
- None of These
- Interest payable on debentures is :
- an appropriation of profits of the company
- a charge against profits of the company
- transferred to sinking fund investment account
- transferred to general reserve
- A debenture holder is entitled to :
- Fixed dividend
- Share in profits
- Voting rights in the company
- Interest at the fixed rate
- On liquidation of company, principal amount of debentures is returned :
- First of All
- Last of All
- Before Equity Capital
- After Equity Capital
- Which of the following statements is false?
- Debenture is a form of public borrowing.
- It is customary to prefix debentures with the agreed rate of interest.
- Debenture interest is a charge against profits.
- The issue price and redemption value of debentures cannot differ.
- Which of the following is not a characteristic of Bearer Debentures?
- They are treated as negotiable instruments.
- Their transfer requires a deed of transfer.
- They are transferable by mere delivery.
- The interest on it is paid to the holder irrespective of identity.
- Which of the following statements is false?
- At maturity, debenture holders get back their money.
- Debentures can be forfeited for non-payment of call money.
- In company’s balance sheet, debentures are shown under the head Long term Borrowings.
- Interest on debentures is a charge against profits
- Which of the following statements is false :
- A Company can issue redeemable debentures.
- A Company can issue debentures with voting rights.
- A Company can issue convertible debentures.
- A Company can buy its own debentures and shares.
MCQs Questions of Class – 12 Accountancy Chapter 8 – Issue of Debentures
Answer Key
- (A) 2. (C) 3. (C) 4. (B) 5. (D) 6. (C) 7. (D) 8. (B) 9. (B) 10 (B)