CUET Accountancy - Company raised a loan of Rs. 5,00,000 from PNB against 5% debenture of Rs. 8,00,000 of Rs. 100 each as a collateral security. The "Debenture suspense A/c" will be debited with : | PYQs + Solutions

CUET Accountancy 2023 28 May Shift 1

Company Accounts

Medium

Rs. 5,00,000

Rs. 3,00,000

Rs. 8,00,000

Rs. 13,00,000

✅ Correct Option: 3

Related questions:

2 June Shift 2

Discount on issue of 8% debentures is shown in the balance sheet as

31 May Shift 1

Match List-I with List-II

List-I	List-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:

28 May Shift 1

XYZ Ltd. issued another category of debenture which are perpetual in nature. What type of debentures they are called :

CUET Accountancy 2023 28 May Shift 1 PYQs