Interest payable on the Debentures issued for the year ended Mar, 31st 2023 will be : Option 1: Rs. 4,00,000 Option 2: Rs. 5,40,000 Option 3: Rs. 6,00,000 Option 4: Rs. 3,60,000

The answer is 'Rs. 4,00,000'. View full solution:

CUET Accountancy - Interest payable on the Debentures issued for the year ended Mar, 31st 2023 will be : | PYQs + Solutions

CUET Accountancy 2023 11 June Shift 3

Company Accounts

Medium

Rs. 4,00,000

Rs. 5,40,000

Rs. 6,00,000

Rs. 3,60,000

✅ Correct Option: 1

Related questions:

30 May Shift 1

Which of the following are the correct statements regarding debentures/debentures interest.

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

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

(D) Perpetual debentures are also known as irredeemable debentures.

Choose the correct answer from the options given below:

11 June Shift 3

Debentures that will be redeemed only at the time of winding up of the company are known as :

24 May Shift 1

A debenture which is transferable merely by delivery is: