CUET Accountancy - 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 ? | PYQs + Solutions

CUET Accountancy 2023 28 May Shift 1

Company Accounts

Easy

Rs. 10,000

Rs. 12,000

Rs. 1,20,000

Rs. 1,00,000

✅ Correct Option: 3

Related questions:

30 May Shift 1

Suvidha Ltd. purchased machinery worth Rs.1,98,000 from Suppliers Ltd. The payment was made by issue of 12% debentures of Rs.100 each. How many debentures will be issued at a 10% discount?

24 May Shift 1

A debenture which is transferable merely by delivery is:

20 July Shift 1

The following journal entry is recorded in the books of RST Ltd. on issue of debentures :

Bank a/c Dr 18,00,000

Loss on issue of Debentures a/c Dr 6,00,000

To 14% Debentures 20,00,000

To Premium on Redemption of Debentunes 4,00,000

Debentures have been issued at a discount of :

CUET Accountancy 2023 28 May Shift 1 PYQs

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