What will be the amount of premium on Redemption of Debentures. Option 1: Rs. 9,00,000 Option 2: Rs. 10,00,000 Option 3: Rs. 12,50,000 Option 4: Rs. 11,25,000

The answer is 'Rs. 12,50,000'. View full solution:

CUET Accountancy - What will be the amount of premium on Redemption of Debentures. | PYQs + Solutions

CUET Accountancy 2023 11 June Shift 3

Company Accounts

Medium

Rs. 9,00,000

Rs. 10,00,000

Rs. 12,50,000

Rs. 11,25,000

✅ Correct Option: 3

Related questions:

2 June Shift 2

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

13 May Shift 1

Which statements are wrong about debentures?

(A) Debenture is a part of owned capital.

(B) The debentures cannot be issued at a discount of more than 10% of the face value.

(D) Redeemable debentures are those debentures, which are payable on the expiry of the specific period.

Choose the correct answer from the options given below:

14 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Unsecured Debentures	(I) These debentures are issued with a specified rate of interest.
(B) Redeemable Debentures	(II) These debentures do not have a specific charge on the assets of the company.
(C) Specific Coupon Rate Debentures	(III) These are those which are payable on the expiry of the specific period either in lump sum or in instalments during the life-time of the company.
(D) Bearer Debentures	(IV) The debentures which can be transferred by way of delivery and the company does not keep any record of the debentures.

Choose the correct answer from the options given below: