Question : Discount on issue of debenture is a

Option 1: Capital loss to be written off over the tenure of the debentures

Option 2: Revenue loss to be charged in the year of issue

Option 3: Capital loss to be written off from Capital Reserve

Option 4: Capital loss to be shown as goodwill

Question : The nature of a discount on the issuance of debentures is-

Option 1: Revenue Loss

Option 2: Deferred Revenue Expenditure

Option 3: Capital Loss

Option 4:  None of the above

Question : The term ‘investment’ is used for ‘Non-Current Investments’. Trade Investments are also treated as ………

Option 1: Current assets 

Option 2: Non–current assets 

Option 3: Cash and cash equivalent 

Option 4: Tangible assets 

Question : The term ‘investment’ is used for ‘Non-Current Investments’. Trade Investments are also treated as ………

Option 1: Current assets 

Option 2: Non–current assets 

Option 3: Cash and cash equivalent 

Option 4: Tangible assets 

Question : KTR Ltd., issued 365, 9% Debentures of Rs. 1,000 each on 4th March, 2016 at 6% discount, redeemable at 5% premium. Loss on issue of Debentures debited/credited with _____________.

Option 1: Loss on issue of debentures account debited with Rs.36,500

Option 2: Loss on issue of debentures credited with Rs.41,150
 

Option 3: Loss on issue of Debentures debited with Rs. 41,150
 

Option 4: Loss on issue of debentures debited with Rs. 40,150