Match List I with List II | List I | List II | | --- | --- | | A. Excess of purchase consideration over value of net assets | I. Issue Debentures as collateral security | | B. Excess of net assets over purchase consideration | II. Goodwill | | C. Debenture Suspense Account | III. Issue of Debentures for consideration other than cash | | D. Assets received against Debentures | IV. Capital Reserve | Choose the correct answer from the options given below:

Question

Option 1: A - IV, B - II, C - I, D - III

Option 2: A - II, B - IV, C - I, D - III

Option 3: A - II, B - IV, C - III, D - I

Option 4: A - IV, B - II, C - III, D - I

AfterBoards · Accepted Answer

The answer is 'A - II, B - IV, C - I, D - III'. View full solution:

List-I	List-II
(A) These debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.	(I) Bearer Debentures
(B) These debentures are those which are payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.	(II) Zero Coupon Rate Debentures
(C) These debentures do not carry a specific rate of interest.	(III) Redeemable Debentures
(D) These debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures interest on the debentures that is paid to a person who produces the interest coupon attached to such debentures.	(IV) Secured Debentures

CUET Accountancy 2022 20 Aug Shift 2 PYQs

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