CUET Accountancy - X Ltd. purchased assets from Y Ltd. for Rs.98,10,000. X Ltd. issued 12% Debentures of Rs.100 each at 10% discount against the payment. The number of debentures issued to Y Ltd. is: | PYQs + Solutions

CUET Accountancy 2022 16 July Shift 2

Company Accounts

Medium

98,100

98,10,000

10,90,000

1,09,000

✅ Correct Option: 4

Related questions:

11 June Shift 3

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

4 June Shift 2

Match List-I with List-II

List-I	List-II
(Type of Debentures)	(Characteristic of Debenture)
(A) Secured Debentures	(I) do not have a specific charge on assets of the company
(B) Redeemable Debentures	(II) do not carry a specific rate of interest
(C) Zero Coupon Rate Debentures	(III) are payable on the expiry of the specific period
(D) Unsecured Debentures	(IV) a charge is created on the assets of the company

Choose the correct answer from the options given below:

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Debenture suspense is shown in the balance sheet as

CUET Accountancy 2022 16 July Shift 2 PYQs