Discount on issue of Debentures is in the nature of

Related MCQs

• ABC Ltd. makes payments to its Sundry Creditors through cheques and the Cash Discount received on these payments is recorded in the Triple-columnar Cash Book. In the event of dishonour of any such cheques, the discount so received should be written back through (i) A debit to discount column of the Cash Book (ii) A credit to discount column of the Cash Book (iii) A credit to bank column of the Cash Book (iv) A debit to Discount Account through Journal Proper (v) A credit to Creditor‘s Account through Journal Proper
• In the balance sheet of a company , the discount on issue of debentures is shown under which heading
• In the balance sheet of a company, the discount on issue of debentures is shown under which heading
• . Unsecured debentures are called as ……………….debentures
• The Principal amount of debentures will be repaid by the company either at the end of a specified period or by instalments during the life time of the company. Such types of debentures are called :
• The debentures whose principal amount is not repayable by the company during its life time, but the payment is made only at the time of Liquidation of the company, such debentures are called :
• The balance sheet of the debentures sinking fund after redemption of debentures is credited at the end of the accounting period to:
• Discount on shares and debentures are shown in
• Discount on shares and debentures are shown in
• If debentures of the nominal value of Rs. 1,00,000 are issued at discount of 10% for net assets worth Rs. 80,000, the balance of Rs. 10,000 will be debited to: