Question

How should bonds/debentures be presented in the financial statements?

a.

In ascending order of maturity date.

b.

In alphabetical order of the bondholders.

c.

In descending order of maturity or conversion date, starting from the farthest redemption or conversion date.

d.

In order of the issuance date.

Posted under IC 89 Management Accounting

Answer: (c).In descending order of maturity or conversion date, starting from the farthest redemption or conversion date. Explanation:Bonds/debentures should be presented in descending order of maturity or conversion date, starting from the farthest redemption or conversion date.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. How should bonds/debentures be presented in the financial statements?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What should be specified regarding redeemed bonds/debentures that the company has the power to reissue?

View solution

Q. How are short-term borrowings classified?

View solution

Q. How should borrowings be classified in financial statements?

View solution

Q. When loans are guaranteed by directors or others, what information should be disclosed?

View solution

Q. What should be specified regarding the period and amount of default in repayment of dues?

View solution

Q. How are other current liabilities classified?

View solution

Q. How should share application money be disclosed in financial statements?

View solution

Q. How are short-term provisions classified?

View solution

Q. How are tangible assets classified?

View solution

Q. How should assets under lease be specified in the classification of tangible assets?

View solution

Q. What information should be disclosed regarding the reconciliation of the gross and net carrying amounts of tangible assets?

View solution

Q. How are intangible assets classified?

View solution

Q. How are non-current investments classified?

View solution

Q. What information should be disclosed under the classification of non-current investments?

View solution

Q. How should investments carried at other than cost be disclosed?

View solution

Q. What information should be disclosed regarding long-term loans and advances?

View solution

Q. How are other non-current assets classified?

View solution

Q. How should long-term trade receivables be sub-classified?

View solution

Q. What information should be disclosed regarding current investments?

View solution

Q. How are current investments classified?

View solution
View All MCQs on IC 89 Management Accounting

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

DC Machines

Dive into the fundamentals of direct current (DC) machines with our specialized...

Instrumentation Transducers

Master the art of instrumentation and transducers with our specialized category....

Bioinformatics

Unlock the power of data analysis in biology with our Bioinformatics category....

IC85 Reinsurance Management

Gear up for success in the Insurance Institute of India (III) examination with IC85...

Surveying

Master the art of land surveying and geomatics with our Surveying category. Explore...

Cell Biology

Delve into the fascinating world of Cell Biology with our specialized category....

Avionics Engineering

Soar into the world of aviation technology with our Avionics Engineering category....

Electronics and Communication Engineering

Explore the dynamic field of Electronics and Communication Engineering with our...

Fluid Mechanics

Unlock the mysteries of fluids and their behavior with our Fluid Mechanics category....