How is the premium on the issue of debentures treated in accounting?
Anonymous Quiz
10%
As an operational expense
37%
As a capital loss
41%
As a capital profit
12%
As a liability
What happens in the case of over-subscription of debentures?
Anonymous Quiz
7%
The issue is cancelled
18%
Additional debentures are issued
20%
The application is rejected
56%
Excess money is refunded or adjusted
What entry is made on the receipt of call money for debentures?
Anonymous Quiz
65%
Debit Bank A/c, Credit Debenture First Call A/c
27%
Debit Debenture First Call A/c, Credit Bank A/c
2%
Debit Debentures A/c, Credit Bank A/c
6%
Debit Bank A/c, Credit Debentures A/c
A Ltd. issued 2,000, 10% debentures of ₹100 each at a discount of 5% redeemable at a premium of 3%. What does 10% indicate?
Anonymous Quiz
18%
Rate of Dividend
73%
Rate of Interest on Debentures
10%
Rate of tax deducted at source
0%
None of these
How is a capital loss due to the issue of debentures at a discount written off?
Anonymous Quiz
49%
By debiting the Statement of Profit and Loss
19%
By crediting the Securities Premium Reserve A/c
31%
By debiting the Discount on Issue of Debentures A/c
1%
By crediting the Debentures A/c
Ravi Ltd. issued 6,000 Debentures of ₹100 each at a premium of ₹10. It will credit Debentures Account by:
Anonymous Quiz
34%
₹6,60,000
55%
₹6,00,000
6%
₹4,50,000
6%
None of these
The following journal entry appears in the books of X Co. Ltd.
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 A/c ₹50,000 Debentures have been issued at a discount of:
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 A/c ₹50,000 Debentures have been issued at a discount of:
Anonymous Quiz
18%
15%
64%
5%
18%
10%
0%
20%
❤1
A company issued debentures of ₹1,00,000, 9% debentures of ₹100 each at par but repayable at 5% premium. What amount will be debited to Loss on Issue of Debentures Account?
Anonymous Quiz
11%
₹1,00,000
35%
₹1,05,000
46%
₹5,000
8%
₹95,000
Assertion (A): Premium on issue of debentures is a capital gain.
Reason (R): Loss on issue of debentures is a revenue loss.
Reason (R): Loss on issue of debentures is a revenue loss.
Anonymous Quiz
21%
Both A and R are true, and R explains A
45%
Both A and R are true, but R doesn’t explain A
7%
A is false, but R is true
27%
A is true, but R is false
What is human capital formation linked to according to the text?
Anonymous Quiz
73%
Human development
11%
Technological regression
9%
Decrease in economic growth
7%
Increase in physical resources
😁1
How does education affect a person's earning capacity?
Anonymous Quiz
9%
Decreases earning capacity
66%
Increases earning capacity
8%
Does not affect earning capacity
17%
Only affects earning capacity in certain fields
❤1
Apart from higher earning capacity, what is another benefit of education?
Anonymous Quiz
7%
Increased physical strength
88%
Better social standing and pride
5%
Reduced social interaction
0%
Decreased innovation
How does education contribute to society?
Anonymous Quiz
21%
By limiting technological advancements
13%
By making people less cooperative
63%
By stimulating innovations
3%
By reducing the need for skilled labor
What is the role of educated labor force in adapting new technologies?
Anonymous Quiz
6%
Slows down adaptation
8%
Makes no difference
83%
Facilitates adaptation
3%
Prohibits adaptation
Why do economists stress the need for expanding educational opportunities?
Anonymous Quiz
7%
It decreases the development process
19%
It has no effect on the development process
71%
It accelerates the development process
2%
It replaces the development process
What does human capital include?
Anonymous Quiz
13%
Only physical resources
10%
Only natural resources
75%
Educated and trained professionals
1%
Unskilled labor only
Dream big, but work harder — because 0 effort gives 0 success.
—————————————————————-
@Adda247commerce
—————————————————————-
@Adda247commerce
What is linked to the formation of human capital?
Anonymous Quiz
73%
People’s all-round development
12%
Decrease in population
9%
Increase in land resources
6%
Decrease in educational standards
What are the sources of human capital?
Anonymous Quiz
64%
Nurses, farmers, teachers, students
19%
Land and physical resources
16%
Technology and machinery
1%
Natural disasters
Is there a relation between human capital and a country's economic growth?
Anonymous Quiz
3%
No relation
10%
A negative relation
17%
Only in certain industries
70%
A positive relation