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
Correct Answer: Rs 98
Solution : Answer = Rs 98
When a debenture is issued at a discount, the bank account is debited with the actual cash received, which is the discounted price of the debenture. In this case, since the debenture is issued at Rs. 98, the bank account will be debited by Rs. 98. Hence, the correct option is 3.
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
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.95 and is redeemable at Rs.100, then at the time of issue bank account will be debited by
Option 2: RS 90
Option 3: Rs 95
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
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