MCQ - Debentures CA Foundation Notes | EduRev

Fundamentals of Accounting for CA CPT

CA Foundation : MCQ - Debentures CA Foundation Notes | EduRev

 Page 1


CPT Section A:Fundamentals of Accounting  Chapter 9 Unit 4 
CA. Pankaj Goel 
 
Page 2


CPT Section A:Fundamentals of Accounting  Chapter 9 Unit 4 
CA. Pankaj Goel 
 
MCQs 
94 
Page 3


CPT Section A:Fundamentals of Accounting  Chapter 9 Unit 4 
CA. Pankaj Goel 
 
MCQs 
94 
(a) A debenture holder is an owner of the company 
(b) A debenture holder can get his money back only on the 
liquidation of the company 
(c) A debenture issued at a discount can be redeemed at a 
premium 
(d) A debenture holder receives interest only in the event of 
profits 
Answer: C 
95 
Page 4


CPT Section A:Fundamentals of Accounting  Chapter 9 Unit 4 
CA. Pankaj Goel 
 
MCQs 
94 
(a) A debenture holder is an owner of the company 
(b) A debenture holder can get his money back only on the 
liquidation of the company 
(c) A debenture issued at a discount can be redeemed at a 
premium 
(d) A debenture holder receives interest only in the event of 
profits 
Answer: C 
95 
(a) A real account 
(b) A nominal account – income 
(c) A personal account 
(d) A nominal account – expenditure 
Answer:C 
96 
Page 5


CPT Section A:Fundamentals of Accounting  Chapter 9 Unit 4 
CA. Pankaj Goel 
 
MCQs 
94 
(a) A debenture holder is an owner of the company 
(b) A debenture holder can get his money back only on the 
liquidation of the company 
(c) A debenture issued at a discount can be redeemed at a 
premium 
(d) A debenture holder receives interest only in the event of 
profits 
Answer: C 
95 
(a) A real account 
(b) A nominal account – income 
(c) A personal account 
(d) A nominal account – expenditure 
Answer:C 
96 
(a) At maturity, debenture holders get back their money as per 
the terms and conditions of redemption 
(b) Debentures can be forfeited for non payment of call money 
(c) In company’s balance sheet, debentures are shown under 
secured loans 
(d) Interest on debentures is charged against profits 
Answer:B 
97 
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