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TYBCOM SEM S FA DECEMBER 2020
1)interest is always calculated on the
a) market value of the security.
b) nominal value of the security
c) book value of the security
d) weighted average cost of the security
2) the current investments are valued on closing date at
a) market value.
b) cost of purchases
c) lower of cost and market value. d) higher of cost and fair value
3) any reduction to market value of current investment from cost on valuation date
a) revaluation reserve.
b) profit and loss account
c) capital reserve
d) general reserve
4)xyz buys 200 debentures of nominal value of rupees hundred each of ICICI limited
interest on on 1-3-2012 from abc.interest at the rate 12% per annum is to be paid h
and 31st December. Price paid by xyz towards capital is
a) 19600.
b) 20200.
c) 20000
d) 19800
5)interest on bonds accrues
a) on the last day of the financial year.
b) on due dates fixed in advance
b) on the date fixed by board resolution.
d)as declared by the company in the be
6)following is not a fixed income bearing security
a) Debentures.
b) equity shares
c) preference shares.
d government securities
7)long term investments are candied at
a) fair value.
b) cost price​

Answer 1

Answer:

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