How is staffing considered in the context of management functions?
Anonymous Quiz
6%
Only as a line activity
25%
Only as a staff activity
66%
Both as a line and a staff activity
3%
Neither as a line nor as a staff activity
What aspect of human resource management evolved from the need for new skill development and training?
Anonymous Quiz
4%
Decreased emphasis on human resources
51%
Focus on mechanical and technological aspects
38%
Recognition of people as a valuable resource
7%
Shift towards a more rigid organizational structure
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What is the initial accounting entry for the purchase of assets when a company issues debentures for consideration other than cash?
Anonymous Quiz
14%
Cash A/c Dr. To Vendorโs A/c
53%
Assets A/c Dr. To Vendorโs A/c
20%
Vendorโs A/c Dr. To Assets A/c
13%
Debentures A/c Dr. To Assets A/c
How are debentures issued to a vendor at par recorded?
Anonymous Quiz
16%
Vendorโs A/c Dr. To Cash A/c
69%
Vendorโs A/c Dr. To Debentures A/c
12%
Debentures A/c Dr. To Vendorโs A/c
2%
Cash A/c Dr. To Vendorโs A/c
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When debentures are issued at a premium, which additional account is credited?
Anonymous Quiz
4%
Cash A/c
27%
Discount on Issue of Debentures A/c
67%
Securities Premium Reserve A/c
2%
Goodwill A/c
How is the difference treated when the purchase consideration is greater than the value of the net assets acquired?
Anonymous Quiz
40%
As a capital profit
23%
As revenue profit
31%
As a capital loss
7%
As a liability
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A company issued debentures of โน1,00,000, 9% debentures of โน100 each at par but repayable at a premium of 5%. What amount will be debited to Loss on Issue of Debentures Account?
Anonymous Quiz
8%
โน1,00,000
36%
โน1,05,000
47%
โน5,000
8%
โน95,000
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What happens when the value of the net assets acquired is higher than the purchase consideration?
Anonymous Quiz
22%
It is treated as a capital loss
70%
It is treated as a capital profit
2%
It is ignored in the books
6%
It is treated as a liability
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If debentures are issued to a vendor for assets purchased and the vendorโs account is credited by โน1,10,000, what is the journal entry if the debentures are issued at a premium of 10%?
Anonymous Quiz
25%
Vendorโs A/c Dr. โน1,00,000; To Debentures A/c โน90,000; To Securities Premium Reserve A/c โน10,000
59%
Vendorโs A/c Dr. โน1,10,000; To Debentures A/c โน1,00,000; To Securities Premium Reserve A/c โน10,000
10%
Vendorโs A/c Dr. โน1,10,000; To Debentures A/c โน1,10,000
6%
Vendorโs A/c Dr. โน1,00,000; To Debentures A/c โน1,00,000; To Securities Premium Reserve A/c โน10,000
What additional account is affected with the difference between issue price and redeem price when debentures are issued at par but redeemable at a premium?
Anonymous Quiz
23%
Securities Premium Reserve A/c
33%
Discount on Issue of Debentures A/c
4%
Debentures A/c
41%
Loss on Issue of Debentures A/c
What is the accounting treatment for the redemption of debentures when amount is repaid for debentures issued at a premium and redeemable at a premium?
Anonymous Quiz
15%
Debentureholders A/c Dr. To Bank A/c
16%
Bank A/c Dr. To Debentures A/c
41%
Premium on Redemption of Debentures A/c Dr. To Bank A/c
28%
Loss on Issue of Debentures A/c Dr. To Bank A/c
AB Ltd. purchased assets worth โน6,80,000 and took over liabilities of โน80,000. It was agreed to pay the purchase price of โน6,40,000, of which โน2,00,000 was to be paid in cash and rest through issue of debentures of face value โน100 at 10% premium. Calculate the number of debentures issued.
Anonymous Quiz
43%
4,000
32%
4,500
21%
3,800
4%
4,200
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