Question : If a debenture of Rs.100 is issued at Rs.95 and is redeemable at Rs.100, then at the time of issue bank account will be debited by
Option 1: Rs 100
Option 2: RS 90
Option 3: Rs 95
Option 4: Rs 110
Correct Answer: Rs 95
Solution : Answer = Rs 95
When a debenture is issued at a discount, the bank account is debited for the amount received, which is the discounted value. In this case, the debenture is issued at Rs. 95, so the bank account will be debited by Rs. 95, representing the amount received from the issuance of the debenture. Hence, the correct option is 3.
Question : If a debenture of Rs.100 is issued at Rs.106 and is redeemable at Rs.110, at the time of issue of debentures. The Bank account will be debited by
Option 2: Rs 106
Option 3: Rs 110
Option 4: Rs 94
Question : If a debenture of Rs.100 is issued at Rs.106 and is redeemable at Rs.110, at the time of issue of debentures.
Loss on the issue of debentures account will be -------
Option 1: Debited by Rs 16
Option 2: Debited by Rs 10
Option 3: Credited by Rs 10
Option 4: Debited by Rs 6
Question : If a debenture of Rs.100 is issued at Rs.98 and is redeemable at Rs.105.
The Bank account will be debited by ---------
Option 2: Rs 110
Option 3: Rs 98
Option 4: Rs 105
Question : If a debenture of Rs.100 is issued at Rs.106 and is redeemable at Rs.110, at the time of issue of debentures
A securities premium account will be:
Option 1: Debited by Rs 6
Option 4: Credited by Rs 6
Debentures account will be credited by -----
Option 1: Rs 106
Option 3: Rs 100
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