List of top Accountancy Questions on Debentures

Company issues 10,000, 12% debentures of ₹ 100 each at par, redeemable at premium of 5% after 5 years. At the time of allotment; journal Entry will be :

Debentures can be redeemed in following ways except :-

Royan Ltd. issued 1,00,000 9% debentures of ₹100 each to public. Issue was subscribed. The amount will be shown as :

Match List I with List I

List I		List II
A.	Revaluation Reserve	I.	Share Capital
B.	Issued Capital	II.	Other Non current Assets
C.	Discount on issue of debentures	III.	Inventories
D.	Loose tool	IV.	Reserve and Surplus

Choose the correct answer from the options given below :

From the following Particulars, calculate cash flow from investing activities :-
A plot of land been purchased for investment purpose and was let out for commercial use and rent received ₹ 30,000.
Interest paid on debentures ₹ 60,000
Purchase of Plant ₹ 4,40,000
Goodwill written off ₹ 20,000
Sale of Land ₹ 5,00,000

Calculate the amount of yearly interest payable on 9% debentures (10,000 debentures of ₹100) issued as collateral security.

When debentures are issued at premium with the term of redeeming them at par. The amount of premium received at the time of issue will be:

If debentures are converted into equity shares, it is a/an :

Romi Ltd. purchased building worth ₹1,50,000 machinery worth ₹1,40,000 and furniture worth ₹10,000 from xyz co. and took over its liabilities of ₹20,000 for a purchase consideration of ₹3.15,000. They paid the purchase consideration by issuing 12% debentures of ₹100 each at a premium of 5%. What will be the number of debentures issued by Romi Ltd.

Match List-I with List-II

	LIST I: Basis of Debenture		LIST II: Types of Debenture
(A)	Tenure	(I)	Zero coupon rate
(B)	Interest rate point of view	(II)	Irreedemable
(C)	Security	(III)	Registration
(D)	Bearer	(IV)	Secured

Choose the correct answer from the options given below:

Securities premium Reserve can be utilised
A. to return excess money received on application
B. to write off preliminary expenses 
C. to issue partly paid bonus shares 
D. for premium paid on Redemption of Debentures or preference shares 
E. for buy back of shares 
Choose the correct answer from the options given below:

Identify the correct sequence to find out profit after tax while preparing comparative income statement
A. Deduct expenses 
B. Find out total revenue by adding other incomes to revenue from operations 
C. Find out profit after tax 
D. Deduct tax E. Calculate profit before tax 
Choose the correct answer from the options given below:

What are different types of debentures from the view point of registration
A. Convertible
B. Bearer 
C. Redeemable 
D. Secured 
E. Registered
Choose the correct answer from the options given below:

Classify the following items under Major Heads and Sub-Heads (if any) in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013:
(i) Accrued Income
(ii) Capital Advances
(iii) Capital work-in-progress

Prepare a Common Size Balance Sheet of X Ltd. from the following information: % Table for Balance Sheet \[ \begin{array}{|c|c|c|c|} Particulars & Note No. & 31.03.2023 (\( \text{\rupee} \)) & 31.03.2022 (\( \text{\rupee} \))
\multicolumn{4}{|c|}{I. Equity and Liabilities}
\text{Shareholders' Funds} & & &
\quad (a) \, \text{Equity Share Capital} & & 30,00,000 & 15,00,000
\quad (b) \, \text{Reserves and Surplus} & & 10,00,000 & 5,00,000
\text{Non-Current Liabilities} & & 20,00,000 & 10,00,000
\text{Current Liabilities} & & 20,00,000 & 20,00,000
Total & & 80,00,000 & 50,00,000
\multicolumn{4}{|c|}{II. Assets}
\text{Non-Current Assets} & & 40,00,000 & 30,00,000
\text{Current Assets} & & &
\quad (a) \, \text{Inventories} & & 40,00,000 & 20,00,000
Total & & 80,00,000 & 50,00,000
\end{array} \]

Calculate ‘Operating Profit Ratio’ from the following information: Revenue from operations: \rupee 10,00,000 Gross profit: 25\% on cost Office and administrative expenses: \rupee 18,000 Selling and distribution expenses: \rupee 2,000 Loss by theft: \rupee 20,000

Under which Major Heads and Sub-Heads (if any) will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013?
(i) Capital Advances
(ii)] Income received in Advance
(iii)] Stores and Spare Parts