Question : If a debenture of Rs.100 is issued at Rs.98 and is redeemable at Rs.105,
Debentures account will be credited by ---------
Option 1: Rs 98
Option 2: Rs 105
Option 3: Rs 100
Option 4: Rs 110
Correct Answer: Rs 100
Solution : Answer = Rs 100
Bank A/c Dr. 98
To Deb. Application and allotment A/c 98
Deb. Application and allotment A/c Dr 98
Loss on the issue of Deb. A/c Dr 7
To % Deb. A/c 100
To Premium on Red. of Deb. A/c 5 Hence, the correct option is 3.
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 1: Rs 100
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.
Debentures account will be credited by -----
Option 1: Rs 106
Option 4: Rs 94
Question : If a debenture of Rs.100 is issued at Rs.105 and is redeemable at Rs.100, securities premium account will be --------
Option 1: Debited by Rs 5
Option 2: Credited by Rs 105
Option 3: Credited by Rs 5
Option 4: Debited by 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 2: Debited by Rs 10
Option 3: Credited by Rs 10
Option 4: Credited by Rs 6
Loss on the issue of debentures account will be -------
Option 1: Debited by Rs 16
Option 4: Debited by Rs 6
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