The money received from applicants to whom no debentures have been allotted will be ________ Option 1: Refunded Option 2: Adjusted Option 3: Used later on Option 4: not refunded

The answer is 'Refunded'. View full solution:

CUET Accountancy - The money received from applicants to whom no debentures have been allotted will be ________ | PYQs + Solutions

CUET Accountancy 2022 20 Aug Shift 2

Company Accounts

Easy

Refunded

Adjusted

Used later on

not refunded

✅ Correct Option: 1

Related questions:

13 May Shift 2

Debentures are issued at a discount. In which of the following the difference between their nominal value and the issue price is treated as the amount of interest.

27 May Shift 1

Select the pair which is true about debentures-

(A) Debenture is a part of owned capital.

(B) The payment of interest on debentures is a charge on the profits of the company.

(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:

(B) and (D) only
(A) and (D) only
(C) and (D) only
(A) and (B) only

13 May Shift 1

Debentures are convertible into which of the following?

CUET Accountancy 2022 20 Aug Shift 2 PYQs

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