CUET (UG) entrance exam Question Bank Solutions for Accountancy

Which of the following given statement is correct.

Statement 1 - "Shares cannot be converted into debentures whereas debentures can be converted into shares"

Statement 2 - "Shares can be converted into debentures whereas debentures cannot be converted into shares"

The debentures are issued with a specified rate of interest, which is called the coupon rate are known as which types of debentures?

Which of the following. column indicated in·the statement given below is to be credited?

"Writing off the loss on issue of debentures"

A debenture is a ______.

Loss on Issue of Debenture Account is shown:

The account which is prepared to adjust the increase or decrease in the value of assets at the time of admission of a partner is called:

Debenture interest is paid as ______.

The loss on issue of Debentures is written-off from ______.

Which of the following is true with regard to 10% Debentures issued at a discount of 20%?

Pick the odd one out:

Ravi and Gaurav are partners in a firm. They want to admit Dhruv for `1/4`th share in profit. For this, they revalued their machinery from ₹ 30,000 to ₹ 40,000 and creditors from ₹ 1,10,000 to ₹ 1,00,000. What journal entry will be passed:

Rehana, Shakina and Jasmine are partners. They share When debentures are issued as collateral security, the final entry for recording the transaction in the books is ______.

Balance in the Investment Fluctuation Reserve, after meeting the loss on revaluation of Investments, at the time of admission of a partner will be transferred to:

When the debenture of face value of ₹ 100 is issued at ₹ 100 is called, issue off debenture at ______.

Debenture holders are ______.

Debentures are considered as ______ equity.

Interest on Debentures is a charge against ______.

Assertion (A): Issue of debenture does not result in dilution of interest of equity shareholders.

Reason (R): Debenture holders have voting rights.

Assertion (A): Debentures saves income tax.

Reason (R): Interest on debenture is tax deductible expenditure.

Debenture premium cannot be used to ______.