1. Dividends are usually paid on :

2. If vendors are issued fully paid shares of ₹ 1,00,000 in consideration of net assets of ₹ 1,20,000 the balance of ₹ 20,000 will be credited to :

3. Which account should be debited when shows an issued to promoters:

4. According to Section 52 of the Compaines Act, the amount in the Securities Premium Account cannot be used for the purpose of:

5. 10,000 equity shares of 10 Rs. each were issued to public at a premium of ₹ 2 per share payable on allotment. Applications were received for ₹ 12,000 shares. Amount of securities premium account will be :

6. A Ltd. purchased a machinery for 1,80,000 Rs. for which it is paying by issue of shares of 100 Rs. each at 20% premium. How many shares will be issued as consideration. ?

7. Right Shares are issued to :

8. A company is registered with a share capital of ₹ 1,00,000 Rs. divided into ₹ 10,000 shares of ₹ 10 each. Of these shares 9,990 shares are held by Rajeev and 10 Shares are held by Sanjay. In the eye of law it is treated as:

9. Which of the following should be deducted from the called-up capital to find out paid-up capital:

10. When all debentures are redeemed, balance in the Debenture Redemption Fund Account is transferred to:

11. According to SEBI guidelines, a Company will have to create debenture redemption reserve equivalent to the amount of the following percentage of debenture issued:

12. The balance of ‘Sinking Fund Account’ after the redemption of debentures is transferred to :

13. Profit on cancellation of own debentures is transferred to:

14. If debenture of ₹ 1,00,000 were issued for discount of ₹ 10,000, which are redeemable after four years. Then amount of discount to be written off from P. & L. Account each year is :

15. Debentures can be redeemed out of:

16. Premium on redemption of debentures is a :

17. Premium on redemption of debentures is generally provided at the time of ……………

18. Debentures cannot be redeemed at:

19. If debentures purchased in open market are not immediately cancelled, they are treated as :

20. Sources of finance of the redemption of debentures are:

21. A company issued 1,000, 12% debentures of ₹ 100 each at 10% premium. 12% stand for:

22. A company should transfer to Debenture Redemption Reserve A/c at least what percent of the amount of debentures issued before the commencement of redemption of debentures-

23. If redemption of debentures is made by conversion method, the amount to be transferred to ‘Debenture Redemption Reserve Account’ will be equal to…….percent of converted amounted.

24. Loss on Issue of Debenture Account is shown:

25. Profit on sale of Sinking Fund Investment is transferred to:

26. Premium on Redemption of Debentures A/c is:

27. Interest on sinking fund investment is credited to :

28. Sinking fund investment is:

29. When debentures are issued at par and are redeemable at a premium, the loss on such an issue is debited to :

30. Own debentures are those debentures of the company which ?

31. When debentures are redeemed out of profits, an equivalent amount is transferred to :

32. Profit on sale of debentures redemption fund investment in the first instance in credited to :

33. 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 ?

34. According to SEBI guidelines what percentage of the amount of debentures must be transferred to Debenture Redemption Reserve, before the commencement of redumption of debentures, in case of convertible debentures ?

35. Profit on redemption of debentures in transferred to which account ?

36. Profit on cancellation of own debentures is :

37. 6,000 debentures of ₹ 10 each where discharged by issuing equity shares of ₹ 10 each at 20% premium. The number of shares issued will be :

38. Every company required to create DRR shall on or before the 30th April of each year, deposit or invest, a sum which shall not be less than…………of the amount of its debentures maturing (to be redeemed) during the year ending on 31st March of the next year.)

39. A Sinking Fund is a part of:

40. A company issued 1000, 12% debentures of ₹ 100 each at 10% premium. 12% stand for :

41. BST Ltd. want to redeem its 900, 10% debentures at 105% by converting them into shares of ₹ 10 each at ₹ 9 each. The number of shares to be issued will be :

42. Premium on Redemption of Debentures A/c is in the nature of:

43. Deep Ltd. issue 10,00,000, 7 % debentures of 100 Rs. each at a discount of 4%, redeemable after 5 years at a premium of 6%. Loss issue of debentures is :

44. Debenture is a :

45. Debenture holders are the :

46. In case of issue of debentures as a collateral security for loan from the bank which account will be debited :

47. If debentures of ₹ 4,50,000 are issued for the consideration of net assets of ₹ 5,00,000 balance ₹ 50,000 will be credited to:

48. Debentures which are transferred by mere delivery are called:

49. In the Balance Sheet of a Company, Debentures are shown under the head :

50. Discount on issue of Debentures is in the nature of: