How are debentures issued to a vendor at par recorded?
Anonymous Quiz
16%
Vendor’s A/c Dr. To Cash A/c
69%
Vendor’s A/c Dr. To Debentures A/c
12%
Debentures A/c Dr. To Vendor’s A/c
2%
Cash A/c Dr. To Vendor’s 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 ₹1,00,000, 9% debentures of ₹100 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%
₹1,00,000
36%
₹1,05,000
47%
₹5,000
8%
₹95,000
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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 vendor’s account is credited by ₹1,10,000, what is the journal entry if the debentures are issued at a premium of 10%?
Anonymous Quiz
25%
Vendor’s A/c Dr. ₹1,00,000; To Debentures A/c ₹90,000; To Securities Premium Reserve A/c ₹10,000
59%
Vendor’s A/c Dr. ₹1,10,000; To Debentures A/c ₹1,00,000; To Securities Premium Reserve A/c ₹10,000
10%
Vendor’s A/c Dr. ₹1,10,000; To Debentures A/c ₹1,10,000
6%
Vendor’s A/c Dr. ₹1,00,000; To Debentures A/c ₹1,00,000; To Securities Premium Reserve A/c ₹10,000
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 ₹6,80,000 and took over liabilities of ₹80,000. It was agreed to pay the purchase price of ₹6,40,000, of which ₹2,00,000 was to be paid in cash and rest through issue of debentures of face value ₹100 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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What is the modern concept of management focused on?
Anonymous Quiz
23%
A. Achieving tasks on time
33%
B. Using fewer resources for the same output
13%
C. Doing the right task
31%
D. Getting things done through others
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Company A finished on time but used extra resources. Company B finished later but used minimal resources. Who is more efficient?
Anonymous Quiz
23%
A. Company A
60%
B. Company B
15%
C. Both equally
3%
D. Can't determine