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CUET Accountancy 2022 PYQs23 Aug Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2022 23 Aug Shift 2

Debentures

past year questions, Company Accounts, CUET Accountancy 2022 23 Aug Shift 2

Medium

Identify the methods of Redemption of Debenture from the following.

(A) By conversion into shares or new debenture

(B) Purchase in open market

(C) Sinking fund

(D) Payment in instalments

(E) Payment in lump-sum

Choose the correct answer from the options given below :

Solution

✅ Correct Option: 3

Methods of redemption of debentures: lump-sum payment, instalments, purchase in open market, and conversion into shares or new debentures. Sinking fund is a source used to provide funds for redemption, not a method of redemption itself. Hence (A), (B), (D) and (E).

Related questions:

2026: 13 May Shift 1

Match List-I with List-II

List-IList-II
(A) Debentures transferable by mere delivery(I) Zero Coupon Debentures
(B) Debentures where a charge is created on the assets of the company for the purpose of payment in case of default(II) Bearer Debentures
(C) Debentures which are payable on the expiry of the specific period(III) Secured Debentures
(D) Debentures which do not carry a specific rate of interest(IV) Redeemable Debentures

Choose the correct answer from the options given below:

2026: 21 May Shift 1

Most companies raise long-term funds through debentures. Identify incorrect statements regarding debentures.

(A) Debenture holders enjoy voting rights.

(B) A company may issue different kinds of debentures, like Secured Debentures, Unsecured Debentures, Redeemable Debentures, Irredeemable Debentures, Convertible Debentures, Non-convertible Debentures.

(C) A debenture is a part of the owned capital.

(D) The return on Debenture is known as dividend.

Choose the correct answer from the options given below:

2023: 28 May Shift 1

While issuing 10% debenture of Rs. 12,00,000 at 10% discount. What amount should be transferred to "Discount on issue of debenture A/c" if all amount is received in one instalment ?

2026: 11 May Shift 1

X Ltd issued Rs. 5,00,000, 9% debentures of Rs. 100 each at a premium of 5% and these debentures are redeemable at a premium of 5%. What amount should be debited to Loss on Issue of Debenture Account?

2025: 31 May Shift 1

Match List-I with List-II

List-IList-II
(A) Redeemable Debentures(I) The company does not give any undertaking for the repayment of money borrowed by issuing such debentures
(B) Convertible Debentures(II) Which are payable on the expiry of the specific period either in lump sum or in installments during the life time of the company.
(C) Irredeemable Debentures(III) Which are convertible into equity shares or in any other security either at the option of the company or the debenture holders.
(D) Unsecured Debentures(IV) These do not have a specific charge on the assets of the company.

Choose the correct answer from the options given below:

2025: 26 May Shift 2

Match List-I with List-II

List-IList-II
(A) Debenture of Rs 100 issued at Rs 110.(I) Debenture as collateral security.
(B) Debenture of Rs 100 issued at Rs 100.(II) Debenture issued at Premium
(C) Debenture of Rs 100 issued at Rs 90.(III) Debenture issued at par.
(D) Debenture issued to the lender in addition to some other assets already pledged.(IV) Debenture issued at Discount.

Choose the correct answer from the options given below:

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