Question :

When no specific asset but all assets (except those charged by way of fixed charge) are charged as security. A Floating Charge holder has a preference over an unsecured creditor for settling his claims, in the event of winding-up of the company.

Option 1: Fixed charge 

Option 2: Floating charge 

Option 3: Interest 

Option 4: Current assets 

Question :

The debentures which are secured by either a fixed charge or a floating charge on the assets of the company. A charge on the assets of the company is registered with the Registrar of Companies are called as

Option 1: Secured debentures 

Option 2: Unsecured debentures 

Option 3: Irredeemable debentures

Option 4: Convertible debentures 

Question : An asset which is not fictitious, but intangible in nature having realizable value is known as

Option 1: Building 

Option 2: Goodwill

Option 3: Machinery

Option 4: Vehicle

Question :

An increase in the value of assets at the time of retirement of a partner is

Option 1: credited to Revaluation Account.

Option 2:

debited to Revaluation Account.

Option 3: debited to Profit and Loss Account.

Option 4:

debited to Profit and Loss Appropriation Account.

Question : Which of the following statements is true?

Option 1: Interest on debentures is payable only when the Company earns profits.

Option 2: Debentures secured by a charge on assets of the company entitle the debenture holders to take possession of those assets even if their payment is made as per terms.
 

Option 3: Debentures secured by a floating charge on the assets of the company entitle their holders to receive their payment in priority to first charge holders from the sale of such assets.
 

Option 4: Deep Discount Bonds are issued at a price substantially below the maturity value.