CUET Accountancy - When debentures are issued at par and are redeemable at a premium, the loss on such issue is debited to : | PYQs + Solutions

CUET Accountancy 2025 26 May Shift 2

Company Accounts

Easy

common

Statement of profit and loss.

Debentures applications and allotment account.

Loss on issue of debentures account

Debenture Redemption Reserve

✅ Correct Option: 3

Related questions:

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) These debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.	(I) Bearer Debentures
(B) These debentures are those which are payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.	(II) Zero Coupon Rate Debentures
(C) These debentures do not carry a specific rate of interest.	(III) Redeemable Debentures
(D) These debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures interest on the debentures that is paid to a person who produces the interest coupon attached to such debentures.	(IV) Secured Debentures

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26 May Shift 2

Blue Prints Ltd., purchased building worth Rs.1,50,000, machinery worth Rs.1,40,000 and furniture worth Rs.10,000 from XYZ Co., and took over its liabilities of Rs. 20,000 for a purchase consideration of Rs. 3,15,000. Blue Prints Ltd., paid the purchase consideration by issuing 12% debentures of Rs.100 each at a premium of 5%. Number of debentures issued are-

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.

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CUET Accountancy 2025 26 May Shift 2 PYQs

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