CUET Accountancy - Redemption of Debenture can be done by many ways. Identify the wrong option. | PYQs + Solutions

CUET Accountancy 2023 11 June Shift 3

Company Accounts

Medium

Redemption of Debenture by Payment in Lumpsum

Redemption of Debenture by giving tangible Assets

Redemption of Debenture by payment in instalments

Redemption of Debenture by conversion into shares or new Debentures

✅ Correct Option: 2

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ABC Industries Ltd. issued 2,000, 10% Debentures of Rs.100 each, at a premium of Rs. 10 per debenture payable as follows: On application Rs. 50 On allotment Rs. 60 The debentures were fully subscribed, and all money was duly received. The amount of long-term borrowings on the balance sheet will be

CUET Accountancy 2023 11 June Shift 3 PYQs

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