How much amount is to be debited in statement of profit and Loss to write off loss on Issue of Debentures ? Option 1: Rs. 12,50,000 Option 2: Rs. 17,50,000 Option 3: Rs. 5,00,000 Option 4: Rs. 11,50,000

The answer is 'Rs. 11,50,000'. View full solution:

CUET Accountancy - How much amount is to be debited in statement of profit and Loss to write off loss on Issue of Debentures ? | PYQs + Solutions

CUET Accountancy 2023 11 June Shift 3

Company Accounts

Hard

Rs. 12,50,000

Rs. 17,50,000

Rs. 5,00,000

Rs. 11,50,000

✅ Correct Option: 4

Related questions:

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:

13 May Shift 2

When debentures are issued at par and redeemable at a premium, the premium payable on redemption is debited to:

31 May Shift 1

Which of the following is true about debentures-

(A) Debenture is a part of owned capital.

(B) The payment of interest on debentures is a charge on the profits of the company.

(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: