When are debentures said to be issued at par?
Anonymous Quiz
6%
When issued below their face value
17%
When issued above their face value
74%
When issued at their face value
2%
When issued in exchange for services
How is the premium on the issue of debentures treated in accounting?
Anonymous Quiz
6%
As an operational expense
24%
As a capital loss
55%
As a capital profit
15%
As a liability
What happens in the case of over-subscription of debentures?
Anonymous Quiz
4%
The issue is cancelled
20%
Additional debentures are issued
12%
The application is rejected
63%
Excess money is refunded or adjusted
What entry is made on the receipt of call money for debentures?
Anonymous Quiz
53%
Debit Bank A/c, Credit Debenture First Call A/c
32%
Debit Debenture First Call A/c, Credit Bank A/c
6%
Debit Debentures A/c, Credit Bank A/c
8%
Debit Bank A/c, Credit Debentures A/c
How is a capital loss due to the issue of debentures at a discount typically written off?
Anonymous Quiz
42%
By debiting the Statement of Profit and Loss
26%
By crediting the Securities Premium Reserve A/c
32%
By debiting the Discount on Issue of Debentures A/c
0%
By crediting the Debentures A/c
❤1
Ravi Ltd. issued 6,000 Debentures of ₹100 each at a premium of ₹10. It will credit Debentures Account by:
Anonymous Quiz
42%
₹6,60,000
47%
₹6,00,000
11%
₹4,50,000
0%
None of these
Debentures issued with following journal entry: Bank A/c Dr ₹4,75,000, Loss on Issue of Debenture A/c Dr ₹75,000, To 12% Debentures A/c ₹5,00,000, To Premium on Redemption of Debenture A/c ₹50,000. Debenture issued at a discount of:
Anonymous Quiz
22%
15%
42%
5%
33%
10%
3%
20%
Assertion (A): Premium on issue of debentures is a capital gain. Reason (R): Loss on issue of debentures is a revenue loss.
Anonymous Quiz
17%
Both A and R are true, R explains A
50%
Both A and R are true, R does not explain A
11%
A is false, R is true
22%
A is true, R is false
A company issued debentures of ₹1,00,000 at par but redeemable at 5% premium. Amount debited to Loss on Issue of Debentures A/c is:
Anonymous Quiz
4%
₹1,00,000
35%
₹1,05,000
53%
₹5,000
8%
₹95,000
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A Ltd., issued 2,000, 10% debentures of ₹100 each at 5% discount redeemable at 3% premium. What does 10% indicate?
Anonymous Quiz
10%
Rate of Dividend
73%
Rate of Interest on Debentures
13%
Rate of tax deducted at source
4%
None of these
Primary benefit of decentralization in an organization?
Anonymous Quiz
15%
Centralized decisions
75%
Initiative among subordinates
7%
Slower decisions
3%
Increased top workload
Assertion: Decentralization slows decisions. Reason: Reduces approvals and info distortion.
Anonymous Quiz
29%
Both true, R explains A
21%
Both true, R doesn't explain A
18%
A true, R false
32%
A false, R true
How does decentralization develop managerial talent?
Anonymous Quiz
12%
Increase dependency on top management
76%
Provide independent decision opportunities
4%
Limit exposure to tasks
8%
Reduce responsibilities
Benefit of decentralization for top management?
Anonymous Quiz
27%
More operational duties
15%
Focus on minor details
52%
Focus on policy decisions
6%
Need for micro-management
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Impact of decentralization on information flow?
Anonymous Quiz
26%
More distortion
35%
Slower process
21%
More bureaucracy
18%
Less distortion
Control technique in decentralized organization?
Anonymous Quiz
27%
Balance score card
34%
Central control
16%
Limited oversight
23%
Reduced metrics
Assertion: Decentralization aids organizational growth. Reason: Departments operate optimally.
Anonymous Quiz
53%
Both true, R explains A
29%
Both true, R doesn't explain A
11%
A true, R false
7%
A false, R true