Commerce Exam > Commerce Questions > This a MCQ (Multiple Choice Question) based p...
Start Learning for Free
This a MCQ (Multiple Choice Question) based practice test of Chapter 7 - Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinations
Q Debenture Application Account is:
- a)Interest
- b)Nominal Account
- c)Real Account
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 7...
Explanation:
Debenture Application Account is a Real Account. Let's understand why:
Real Account:
Real Account is a type of account in which we record transactions related to assets and liabilities. These transactions are related to tangible and intangible things that exist in the real world. The transactions recorded in Real Account are those that affect the balance sheet of the company.
Debenture Application Account:
Debenture Application Account is a Real Account because it is related to the application of debentures, which are a liability of the company. When a company issues debentures, it receives applications from the public to subscribe to these debentures. The amount received from these applications is recorded in the Debenture Application Account, which is a liability account.
Importance of Debenture Application Account:
The importance of Debenture Application Account lies in the fact that it helps in determining the amount of subscribed and unsubscribed debentures. This information is useful in determining the success of the debenture issue and in making decisions for future issues.
Conclusion:
In conclusion, Debenture Application Account is a Real Account as it is related to the application of debentures, which are a liability of the company. Understanding this concept is important for the students of Accountancy as it forms the basis of recording transactions related to debentures.
Debenture Application Account is a Real Account. Let's understand why:
Real Account:
Real Account is a type of account in which we record transactions related to assets and liabilities. These transactions are related to tangible and intangible things that exist in the real world. The transactions recorded in Real Account are those that affect the balance sheet of the company.
Debenture Application Account:
Debenture Application Account is a Real Account because it is related to the application of debentures, which are a liability of the company. When a company issues debentures, it receives applications from the public to subscribe to these debentures. The amount received from these applications is recorded in the Debenture Application Account, which is a liability account.
Importance of Debenture Application Account:
The importance of Debenture Application Account lies in the fact that it helps in determining the amount of subscribed and unsubscribed debentures. This information is useful in determining the success of the debenture issue and in making decisions for future issues.
Conclusion:
In conclusion, Debenture Application Account is a Real Account as it is related to the application of debentures, which are a liability of the company. Understanding this concept is important for the students of Accountancy as it forms the basis of recording transactions related to debentures.
Free Test
FREE
| Start Free Test |
Community Answer
This a MCQ (Multiple Choice Question) based practice test of Chapter 7...
1
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer?
Question Description
This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer?.
This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Solutions for This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:a)Interestb)Nominal Accountc)Real Accountd)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup