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CUET Accountancy 2022 PYQs15 July Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2022 15 July Shift 2

Debentures

past year questions, Company Accounts, CUET Accountancy 2022 15 July Shift 2

Easy

Loss on issue of Debenture is a _______

Solution

✅ Correct Option: 3

Loss on issue of debentures arises when debentures are issued at a discount or are to be redeemed at a premium. This loss is of a non-recurring nature and relates to raising of long term funds; hence it is classified as a capital loss and is written off over the life of the debentures.

Related questions:

2026: 21 May Shift 2

A company issued Rs. 2,00,000, 9% debentures of Rs. 100 each at a discount of 5% repayable at par. Correct Journal Entry at the time of transfer of debenture application money to debentures account will be:

2025: 27 May Shift 1

Which of the following is not a way of issuing debentures-

2022: 20 Aug Shift 2

The money received from applicants to whom no debentures have been allotted will be ________

2023: 11 June Shift 3

Redemption of Debenture can be done by many ways. Identify the wrong option.

2025: 24 May Shift 1

Match List-I with List-II

List-IList-II
Type of DebentureMeaning
(A) Redeemable Debenture(I) Payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.
(B) Perpetual Debenture(II) Company does not give any undertaking for the repayment of money borrowed by issuing such debentures.
(C) Specific Coupon Rate Debenture(III) Issued with a specified rate of interest, which is called the coupon rate.
(D) Bearer Debenture(IV) Can be transferred by way of delivery and the company does not keep any record of the debenture.

Choose the correct answer from the options given below:

2025: 13 May Shift 1

Which statements are wrong about debentures?

(A) Debenture is a part of owned capital.

(B) The debentures cannot be issued at a discount of more than 10% of the face value.

(C) Debentures cannot be converted into shares.

(D) Redeemable debentures are those debentures, which are payable on the expiry of the specific period.

Choose the correct answer from the options given below:

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