CUET Accountancy - Debentures issued for consideration other than cash includes, debentures : (A) Issued to bank as additional security (B) Issued to vendor (C) Issued to Public (D) Issued to creditor (E) Issued for cash Choose the correct answer from the options given below : | PYQs + Solutions

CUET Accountancy 2023 28 May Shift 1

Company Accounts

Easy

(C), (B), (A) and (E) only

(A), (B) and (D) only

(A), (D) and (C) only

(B), (D) and (E) only

✅ Correct Option: 2

Related questions:

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 ?

31 May Shift 1

Which of the following 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:

4 June Shift 2

The following are the features of Debentures:

(A) The payment of interest is a charge on profits and is to be paid even if there is no profit.

(B) The debentures, which are issued for a specified period are repayable on the expiry of that period.

(D) Debentures can not be converted into shares in any case.

Choose the correct answer from the options given below:

CUET Accountancy 2023 28 May Shift 1 PYQs

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