Interest on Debenture is:
A) An appropriation of profit
B) A charge against the profit
C) A charge against capital reserve
D) A part of revaluation reserve
Correct Answer:
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Q80: Transferability of share is permitted by:
A)All companies
B)Only
Q81: Share Application account is a
A)Real Account
B)Nominal Account
C)Mixed
Q82: A company can issue sweat-equity shares to:
A)The
Q83: As per Articles of Association of the
Q84: Debenture is a part of:
A)Owner's capital
B)Loan capital
C)Reserves
Q86: Debenture is treated in books of account
Q87: Shareholder's funds include:
A)Equity share capital and General
Q88: Short term provisions in the Balance Sheet
Q89: The amount of capital that a company
Q90: Cash loaned to a company is called:
A)Dividends
B)Debentures
C)Shares
D)Reserves
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