CUET Accountancy - On 1st July/22, Centaur Ltd. issued Rs. 25,00,000 8% debentures of Rs. 100 each as collateral security to first Level Bank against loan dues of Rs. 20,00,000. How much amount will be shown in the Balance sheet? | PYQs + Solutions

CUET Accountancy 2023 29 May Shift 2

Company Accounts

Medium

Rs. 25,00,000

Rs. 45,00,000

Rs. 20,00,000

Rs. 70,00,000

✅ Correct Option: 3

Related questions:

CUET Accountancy 2024 Slot 1

Arrange the following in the correct sequence in the context of debenture.

13 May Shift 1

Debentures are convertible into which of the following?

13 May Shift 2

The following journal entry appears in the books of X Co. Ltd.

Bank A/c Dr. 4,75,000

Loss on issue of debenture A/c Dr. 75,000

To 12% Debentures A/c 5,00,000

To Premium on Redemption of Debenture A/c 50,000

Debentures have been issued at a discount of:

CUET Accountancy 2023 29 May Shift 2 PYQs