CUET Accountancy - If 5% debenture of Rs. 8,00,000 of Rs. 100 were issued at 15% premium. Amount is payable as Rs. 25 on applications, Rs. 50 on allotment and Rs. 40 on 1st and final call. How much amount should be credited to "Security Premium Reserve A/c". | PYQs + Solutions

CUET Accountancy 2023 28 May Shift 1

Company Accounts

Medium

Rs. 1,20,000

Rs. 8,00,000

Rs. 9,20,000

Rs. 1,00,000

✅ Correct Option: 1

Related questions:

26 May Shift 2

When debentures are issued at par and are redeemable at a premium, the loss on such issue is debited to :

8 Aug Shift 2

After the debentures are redeemed, the balance in the Sinking Fund Account is transferred to:

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) These debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.	(I) Bearer Debentures
(B) These debentures are those which are payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.	(II) Zero Coupon Rate Debentures
(C) These debentures do not carry a specific rate of interest.	(III) Redeemable Debentures
(D) These debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures interest on the debentures that is paid to a person who produces the interest coupon attached to such debentures.	(IV) Secured Debentures

Choose the correct answer from the options given below:

CUET Accountancy 2023 28 May Shift 1 PYQs