CBSE Class 12 Accountancy Debentures Worksheet

Read and download free pdf of CBSE Class 12 Accountancy Debentures Worksheet. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy in PDF format prepared as per the latest syllabus and examination pattern in your schools. Standard 12 students should practice questions and answers given here for Accountancy in Grade 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems provided here with solutions on daily basis to get more score in school exams and tests

Debentures Class 12 Accountancy Worksheet Pdf

Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Debentures in standard 12. This test paper with questions and answers for Grade 12 Accountancy will be very useful for exams and help you to score good marks

Class 12 Accountancy Worksheet for Debentures

CBSE Class 12 Accountancy Debentures (1). CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. The sample papers have been provided with marking scheme. It’s always recommended to practice as many CBSE sample papers as possible before the board examinations. Sample papers should be always practiced in examination condition at home or school and the student should show the answers to teachers for checking or compare with the answers provided. Students can download the sample papers in pdf format free and score better marks in examinations. Refer to other links too for latest sample papers. 

CHAPTER-DEBENTURES.


MCQ Questions for NCERT Class 12 Accountancy Issue And Redemption Of Debentures

Question. The following journal entry appears in the books of X Co. Ltd.
Bank a/c Dr. 9,50,000
Loss on issue of debenture a/c Dr. 1,50,000
To 12 % Debentures a/c 10,00,000
To Premium on Redemption of Debenture A/c 1,00,000
Debentures have been issued at a discount of :
(a) 15 %

(b) 5 %
(c) 10 %
(d) 8 %

Answer: B

Question. When all the debentures are redeemed, balance in the debentures redemption fund account is transferred to :
(a) Capital reserve,
(b) General reserve,
(c) Statement of profits and loss
(d) Any of these

Answer: B

Question. When debentures are issued at a discount and are redeemable at a premium, which of the following accounts is debited at the time of issue:
(a) Debentures account
(b) Premium on redemption of debentures account,
(c) Loss on issue of debentures account
(d) Securities Premium Reserve Account

Answer: C

Question. Convertible debentures cannot be issued at a discount if:
(a) They are to be immediately converted;
(b) They are not to be immediately converted,
(c) None of the above
(d) Both a and b

Answer: A

Question. Discount on issue of debentures is shown under the following head in the Balance sheet :
(a) Statement of profit and Loss,
(b) Other non-Current Assets,
(c) Debentures account
(d) None of these

Answer: D

Question. Debentures can be issued at :
(a) Par
(b) Discount
(c) Premium
(d) All of them

Answer: D

Question. Debenture is also named as :
(a) Share
(b) Bond
(c) Equity
(d) Reserve

Answer: B

Question. Debentures which are transferrable by mere delivery are:
(a) Registered debentures
(b) First Debentures
(c) Bearer debentures
(d) None of these

Answer: C

Question. X Co. Ltd purchased assets worth Rs 14, 40,000. It issued debentures of Rs 100 each at a discount of 4 percent in full satisfaction of the purchase consideration. The number of debentures issued to vendor is:
(a) 15, 000
(b) 14,400
(c) 16,000
(d) 30,000

Answer: A


Fill in the blanks :

Question. ................. refers to extinguishing or discharging the liability on account of debentures in accordance with the terms of issue.
Answer: Redemption of debentures

Question. .......................... is a written instrument acknowledging a debt under the common seal of the company.
Answer: Debenture

Question. No DRR is required for debentures issued by ............... regulated by Reserve Bank of India ................. Companies for both public as well as privately placed debentures.
Answer: All India Financial Institutions (AIFIs) Banking

Question. A.................... may be defined as subsidiary or secondary or additional security beside the primary security when a company obtains a loan or overdraft from a bank or any other financial Instituiton.
Answer: collateral security

Question. Debentures which are convertible into equity shares or in any other security either at the option of the company or the debenture holders are called ................
Answer: convertible debentures

Question. ................... refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default. The charge may be fixed or floating.
Answer: Secured debentures

Question. The amount credited to the Debenture Redemption Reserve shall not be utilised by the company except for the purpose of ....................
Answer: redemption of debentures

Question. ........... can be issued at dicount but............ cannot be issued at discount except ESOP.
Answer: Debentures, Shares

 

 
Q-1.Yashraj Ltd. Has 40,000, 9% Debentures of Rs. 100 each due for redemption on 31st March 2015. Assume that Debenture Redemption Reserve has a balance of Rs. 7, 20,000 on that date. It was decided to invest the required amount towards Debenture Redemption Investment. Investments were realized at 102% less 0.25% brokerage and debentures were redeemed. Record the necessary entries.
Class_12_Accountancy _Worksheet_3
Class_12_Accountancy _Worksheet_3a
 
 
Please click the link below to download full pdf file for CBSE Class 12 Accountancy Debentures (1).

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