Matching Type MCQs of Issue of Debentures Accountancy Class 12 CBSE
Looking for important Matching Type MCQs of Issue of debentures chapter of accountancy class 12 CBSE Board.
Matching Type Multiple Choice Questions of Issue of Debentures chapter of class 12 Accountancy CBSE Board
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Match the following
| i) | Cash received against Debentures | A) | Issue of Debentures as collateral security |
| ii) | Assets received against Debentures | B) | Issue of Debentures for cash |
| iii) | Debentures given as secondary security | C) | Issue of Debentures in Kind |
Options
a) i) – A, ii – B, iii – C
b) i) – B, ii – C, iii – A
c) i) – C, ii – A, iii – B
Ans – b)
Match the following:
| i) | Loss on issue of Debenture is a | A) | Personal Account |
| ii) | Premium on Redemption of Debentures Account is a | B) | Real Account |
| C) | Nominal Account |
Options
a) i – C, ii – A
b) i – A, ii – B
c) i – B, ii – C
d) i – A, ii – C
Ans – a)
Match the following:
| i) | Debentures Suspense account | A) | Loss on Issue of Debentures Account |
| ii) | Debentures are issued at a discount and redeemable at a premium | B) | Issue of Debentures as Collateral security |
| C) | Premium on Redemption A/c |
Options
a) i – A, ii – B
b) i – B, ii – A
c) i – C, ii – B
d) i – B, ii – C
Ans – b)
Match the following:
| i) | The company issued 5,000, 8% Debentures of ₹100 each at 5% premium and redeemable at 10% premium. Calculate Interest. | A) | ₹50,000 |
| ii) | The company issued 5,000, 8% Debentures of ₹100 each at 5% premium and redeemable at 10% premium. Calculate loss on Issue of Debentures. | B) | ₹75,000 |
| C) | ₹40,000 | ||
| D) | ₹46,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – C, ii – D
d) i – C, ii – A
Ans – d)
Match the following:
| i) | A company issued 2,000, 9% Debentures @ ₹100 at 4% Premium and Repayable at 5% Premium. Calculate the loss on issue of Debentures. | A) | ₹18,000 |
| ii) | A company issued 2,000, 9% Debentures @ ₹100 at 4% Discount and Repayable at 5% Premium. Calculate the loss on issue of Debentures | B) | ₹10,000 |
| C) | ₹2,000 | ||
| D) | ₹8,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – B, ii – A
d) i – C, ii – D
Ans – c)
Match the following:
| i) | A company issued 20,000, 8% Debentures @ ₹100 at 5% Premium and Repayable at 10% Premium. Calculate the amount received on the issue of debentures. | A) | ₹23,00,000 |
| ii) | A Company issued 20,000, 8% Debentures @ ₹100 at 5% Discount and Repayable at 10% premium. Calculate amount received on issue of debentures | B) | ₹19,00,000 |
| C) | ₹21,00,000 | ||
| D) | ₹17,00,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – C, ii – D
d) i – C, ii – B
Ans – d)
Match the following:
| i) | Debentures redeemable either in Lump Sum or Installments | A) | Convertible Debentures |
| ii) | Debentures transferable by mere delivery | B) | Bearer Debentrues |
| C) | Registered Debentures | ||
| D) | Redeemable Debentures |
Options
a) i – A, ii – B
b) i – D, ii – B
c) i – B, ii – C
d) i – D, ii – A
Ans – b)
Match the following:
| i) | A Company purchased Sundry Assets of ₹10,00,000 and Liabilities of 50,000 from another company for a purchase consideration of 12,00,000. Amount transfer to Vendor Account will be: | A) | 8,50,000 |
| ii) | A Company purchased Sundry Assets of ₹10,00,000 and Liabilities of 50,000 from another company for purchase consideration of ₹8,50,000. Amount transfer to Vendor Account will be: | B) | ₹2,50,000 |
| C) | ₹12,00,000 | ||
| D) | ₹1,00,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – C, ii – A
d) i – D, ii – B
Ans – c)
Match the following:
| i) | Excess of purchase consideration over Value of Net assets | A) | Capital Reserve |
| ii) | Excess of net assets over purchase consideration | B) | General Reserve |
| C) | Goodwill | ||
| D) | Vendor’s Account |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – C, ii – D
d) i – C, ii – A
Ans – d)
Match the following:
| i) | A Company purchased a Building of ₹40,00,000 for a purchase consideration of ₹45,00,000, ₹5,00,000 will be transferred to: | A) | General Reserve |
| ii) | A Company purchased building ₹40,00,000 for a purchase consideration of ₹36,00,000, ₹4,00,000 will be transferred to: | B) | Vendor’s A/c |
| C) | Goodwill Account | ||
| D) | Capital Reserve Account |
Options
a) i – A, ii – B
b) i – C, ii – D
c) i – B, ii – C
d) i – D, ii – A
Ans – b)
Match the following:
| i) | A company purchased Sundry Assets of ₹20,00,000 and Liabilities of 2,00,000 from another company for a purchase consideration of 22,00,000. Amount of Goodwill will be: | A) | ₹2,00,000 |
| ii) | A company purchased Sundry Assets of ₹20,00,000 and Liabilities of 2,00,000 from another company for a purchase consideration of ₹15,00,000. Amount of Capital Reserve will be: | B) | ₹4,00,000 |
| C) | ₹7,00,000 | ||
| D) | ₹3,00,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – B, ii – D
d) i – C, ii – A
Ans – c)
Match the following:
| i) | X Ltd. took over the assets of ₹11,00,000 and liabilities of ₹1,10,000 payable by the issue of 8% debentures of ₹100 each at a 10% discount. Calculate the amount of discount on the issue of debentures. | A) | ₹90,000 |
| ii) | Y Ltd. took over the assets of ₹11,00,000 and liabilities of ₹1,10,000 payable by the issue of 8% debentures of ₹100 each at 10% premium. Calculate the amount of securities premium Reserve. | B) | ₹1,00,00 |
| C) | ₹1,20,000 | ||
| D) | ₹1,10,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – D, ii – A
d) i – C, ii – B
Ans – c)
Match the following:
| i) | A Ltd. took over the assets of ₹11,00,000 and liabilities of ₹1,10,000 payable by the issue of 8% debentures of ₹100 each at 10% discount and repayable at 5% premium. Calculate the amount of loss on the issue of debentures. | A) | ₹1,35,000 |
| ii) | B Ltd took over the assets of ₹11,00,000 and liabilities of ₹1,10,000 payable by issue of 8% debentures of ₹100 each at 10% premium and repayable at 5% premium. Calculate amount of loss on issue of debentures | B) | ₹1,65,000 |
| C) | ₹45,000 | ||
| D) | ₹90,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – C, ii – D
d) i – D, ii – A
Ans – b)
Match the following:
| i) | A company issued 5,000, 12% Debentures of ₹100 each at a 5% discount, and repayable at a 10% premium. Interest on debentures is payable half yearly. TDS payable is 10%. Calculate interest on debentures for 6 months. | A) | ₹27,000 |
| ii) | A company issued 5,000, 12% debentures of ₹100 each at a 5% discount, and repayable at a 10% premium. Interest on debentures is payable half yearly. TDS payable is 10%. Calculate TDS payable for 12 months | B) | ₹30,000 |
| C) | ₹6,000 | ||
| D) | ₹3,000 |
Options
a) i – A, ii – B
b) i – B, ii – C
c) i – C, ii – D
d) i – D, ii – A
Ans – b)
