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If Vendors are issued debentures of .Rs ...

If Vendors are issued debentures of .Rs 80,000 in consideration of net assets of .Rs 1,00,000, the balance of .Rs 20,000 will be credited to :

A

Statement of Profit & Loss

B

Goodwill Account

C

General Reserve Account

D

Capital Reserve Account

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The correct Answer is:
D
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DK GOEL-ISSUE OF DEBENTURES-MULTIPLE CHOICE QUESTIONS
  1. A' Limited purchased the assets from 'B' Limited for .Rs 5,40,000 . 'A...

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  2. A' Limited purchased the assets from 'B' Limited for .Rs 8,10,000. 'A'...

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  3. Debentures of a Company can be issued :

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  4. On issue of debentures as a collateral security, which account is cre...

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  5. Debentures issued as collateral security will be debited to :

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  6. When debentures of .Rs 1,00,000 are issued as Collateral Security agai...

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  7. Interest on debentures issued as a collateral security is paid on :

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  8. Loss on Issue of Debentures is written off :

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  9. When debentures are to be redeemed at premium an extra entry has to be...

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  10. Premium on Redemption of Debentures Account is :

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  11. X Ltd. acquired assets of .Rs 20 lakhs and took over creditors of .Rs ...

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  12. X Ltd. Purchased a building for .Rs 60,00,000 payable as 20 % in Cash...

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  13. Sunrise Ltd purchased a building for .Rs 5,00,000 payable as 15 % in c...

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  14. If Vendors are issued debentures of .Rs 80,000 in consideration of net...

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  15. If Vendors are issued debentures of .Rs 4,40,000 in consideration of a...

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  16. A Ltd. Issued 1,000, 10% debentures of .Rs 100 each at a premium of 5...

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  17. On Ist April 2007, Sunrise Limited issued 5,000, 8 % debentures of .Rs...

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  18. Globe Ltd. Issues 20,000, 9 % debentures of . Rs 100 each at a discou...

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  19. Issued 5,000, 12% debentures of .Rs 100 each at a discount of 2 %, red...

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  20. Issued 4,000 , 12% debentures of .Rs 100 each at a premium of 4%, rede...

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