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!

Engineering Materials

Discover the building blocks of engineering with our Engineering Materials category....

Highway Engineering

Navigate the road to efficient transportation with our Highway Engineering category....

Irrigation Engineering

Master the science of Irrigation Engineering with our dedicated category. Explore...

Verbal Ability

Hone your language and communication skills with our Verbal Ability category. Enhance...

Sociology

Gain insights into human behavior and society with our Sociology category. Explore...

Cost Accounting

Dive into the realm of Cost Accounting with our specialized category. Explore cost...

Power Plant Engineering

Embark on a journey through the fascinating domain of Power Plant Engineering, where...

Instrumentation Transducers

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

Data Interpretation

Master the art of data analysis and interpretation with our Data Interpretation...