Page 4 - HA ISSUE OF DEB

b) Issue price is more than the face value of the debenture

C) Issue price is lower than the face value of the debenture

D) None of the above

17. Debenture Application Account is in the nature of

(A) Real Account

(B) Personal Account
(C) Nominal Account

(D) None of the above

18. Discount on issue of Debentures is in the nature of

(A) Revenue loss
(B) Capital gain

(C) Deferred Revenue Expenditure

(D) None of the above

19. Premium received on issue of debentures may be utilised for

(A) For writing off discount allowed on issue of shares
(B) For writing off premium allowed on redemption of debentures

(C) For writing off preliminary expenses

(D) For All of the Above

20. In case of Oversubscription what are the options are available with
the company:

a) Rejection

b) Prarata

c) Both

d) All the above
21. What do you mean by over subscription?

a) More Application receive by the company than issue

b) Less Application receive by the company than issue

c) None