List of top Accountancy Questions on Accounting for Share and Debenture Capital

Which of the following statements is correct regarding the issue of Shares and Debentures at a discount?
A Ltd. purchased plant from B Ltd. for Rs. 4,00,000 payable in fully paid shares of Rs. 100. Pass journal entries when shares are issued at par.
A Ltd forfeited 20 shares of K for non-payment of final call money of Rs. 3. Pass forfeiture entry when face value of share is Rs. 10.
Debentures are shown in Balance Sheet of a company under the head of:
Shareholders get:
Securities Premium cannot be used:
Differentiate between shares and debentures on any two points.
What is lumpsum payment method of redemption of debenture?
What is meant by redemption of debentures?
Premium on redemption of debentures is a:
Debenture is the part of:
Debenture holders are the:
Interest payable on debentures is:
What is the nature of Debenture Application Account?
Define Debenture. What is meant by issue of debentures as collateral security? Explain with the help of an example.
Explain the types of debentures from the security point of view.
State the types of debentures from the point of view of convertibility.
On dissolution of a firm, bank overdraft is transferred to
Arrange the following in the correct sequence in the context of debenture:
(A) Payment to debenture-holders
(B) Creation of DRR
(C) Issue of debentures
(D) Redemption becomes due.
A company can accept calls in advance, if authorized by
When debentures are issued at premium and redeemed at premium, the journal entry will have the following combination:
(A) Discount on issue of debentures account is credited
(B) Loss on issue of debentures account is debited
(C) Security premium account is credited
(D) Premium on redemption of debentures account is credited
Which of the following are the Profitability Ratios?
(A) Debt Equity Ratio
(B) Return on Investment
(C) Price Earning Ratio
(D) Earning per share
Match List-I with List-II.
List-IList-II
(A) Income tax Paid(I) Operating Activity
(B) Dividend Received(II) Financing Activity
(C) Loan Repaid(III) Investing Activity
(D) Shares issued against Machinery(IV) Not a Cash flow Activity
Loss on realization of 84,000 was to be distributed between Sam and Shafiq (partners) in the ratio of 4:3 at the time of the dissolution of the partnership firm. Calculate the amount to be transferred to Shafiq’s capital account.
If a delay occurs beyond 8 days in refunding the subscription amount, failing to gather the minimum subscription, from the date of closure of the subscription list, the company shall be liable for interest at the rate of