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CUET Accountancy 2022 PYQs30 Aug Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2022 30 Aug Shift 2

Debentures

past year questions, Company Accounts, CUET Accountancy 2022 30 Aug Shift 2

Easy

What are different types of debentures from the view point of registration

A. Convertible

B. Bearer

C. Redeemable

D. Secured

E. Registered

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

From the viewpoint of registration, debentures are classified into: Registered debentures (where the holder's name is recorded in the company's books) and Bearer debentures (transferable by mere delivery). Hence, options B and E are correct.

Related questions:

2026: 20 May Shift 1

A Limited issued 5000, 10% debentures of Rs. 100 each, at a premium of Rs. 10 per debenture payable as follows:

On application Rs. 25, On allotment Rs. 45 (including premium), On first and final call Rs. 40.

The debentures were fully subscribed and all money was duly received.

Select the correct journal entries related to the above case from the following.

(A)

DateParticularsL.F.Dr. AmountCr. Amount
10% Debenture Allotment A/c Dr.2,25,000
To 10% Debentures A/c1,75,000
To Securities Premium Reserve A/c50,000

(B)

DateParticularsL.F.Dr. AmountCr. Amount
Bank A/c Dr.1,25,000
To 10% Debenture Application A/c1,25,000

(C)

DateParticularsL.F.Dr. AmountCr. Amount
Bank A/c Dr.2,00,000
To 10% Debenture First & Final Call A/c2,00,000

(D)

DateParticularsL.F.Dr. AmountCr. Amount
Bank A/c Dr.2,20,000
To 10% Debenture Allotment A/c2,20,000

Choose the correct answer from the options given below:

2026: 21 May Shift 1

Debentures which can be transferred by way of delivery and the company does not keep any record of the debentureholders. Interest on debentures is paid to a person who produces the interest coupon attached to such debentures. Identify the type of debenture being discussed in above statement.

2026: 23 May Shift 2

PQ Ltd. purchased assets worth Rs. 38,00,000. It issued debentures of Rs. 100 each at a discount of 5 percent in full satisfaction of the purchase consideration. The number of debentures issued to vendor are:

2026: 19 May Shift 1

Manubhai Patel Company Limited purchased assets of the book value of Rs. 12,00,000 from another company and agreed to make the payment of purchase consideration by issuing 10% debentures of Rs. 100 each at 150% premium. Find the number of debentures issued?

2023: 11 June Shift 3

Read the following facts about shares and debentures.

(A) Both shares and debentures can be issued by a company for raising long term funds.

(B) Both shares and debentures can be issued for consideration other than cash.

(C) Both shares and debentures can be issued at premium

(D) Debentures can be converted into shares and shares can be converted into debentures

(E) Dividend is paid on shares and debentures both

Choose the correct answer from the options given below :

2026: 11 May Shift 2

Debenture Application & Allotment A/c Dr. 210,000

Loss on Issue of Debentures A/c Dr. 10,000

To 9% Debenture A/c 2,00,000

To Premium on Redemption of Debentures A/c 10,000

To Securities Premium Reserve A/c 10,000

(Debenture application money transferred to debentures account)

Accountant has passed the above journal entry. Identify the correct situation of terms and conditions of issue and redemption of debentures,

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