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CUET Accountancy 2025 PYQs26 May Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 26 May Shift 2

Debentures

past year questions, Company Accounts, CUET Accountancy 2025 26 May Shift 2

Easy

common

Match List-I with List-II

List-IList-II
(A) Unregistered Debentures(I) Perpetual Debentures
(B) Unsecured Debentures(II) Naked Debentures
(C) Secured Debentures(III) Bearer Debentures
(D) Irredeemable Debentures(IV) Mortgage Debentures

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Understanding the alternative names for different types of debentures:

(A) Unregistered Debentures = (III) Bearer Debentures

Unregistered debentures are not recorded in the company's register of debenture holders. These are transferable by mere delivery, similar to bearer instruments, hence called Bearer Debentures.

(B) Unsecured Debentures = (II) Naked Debentures

Unsecured debentures have no charge on any specific asset of the company. Since they lack the security cover, they are termed as Naked Debentures.

(C) Secured Debentures = (IV) Mortgage Debentures

Secured debentures have a charge (floating or fixed) on the company's assets. Since they create a mortgage over company assets, they are called Mortgage Debentures.

(D) Irredeemable Debentures = (I) Perpetual Debentures

Irredeemable debentures have no fixed maturity date and are repaid only at the time of company's liquidation. As they continue perpetually during the company's existence, they are known as Perpetual Debentures.

The correct matching is: (A) - (III), (B) - (II), (C) - (IV), (D) - (I)

Correct Answer: Option 3

Related questions:

2026: 11 May Shift 2

Suppose debentures are issued for consideration other than cash, debentures may:

A. Not be issued at discount

B. Be issued at par

C. Be issued at a premium

D. Be issued at a discount

Choose the correct answer from the options given below:

2025: 30 May Shift 2

A company has issued 10% Debentures of Face Value of Rs. 5,00,000 as Collateral Security against Rs. 6,00,000, 12% Bank Loan. What amount of total interest will be paid by company for the whole year:-

2025: 15 May Shift 2

Convertible debentures cannot be issued at a discount if:

2022: 20 Aug Shift 2

Match List I with List II

List IList II
A. Excess of purchase consideration over value of net assetsI. Issue Debentures as collateral security
B. Excess of net assets over purchase considerationII. Goodwill
C. Debenture Suspense AccountIII. Issue of Debentures for consideration other than cash
D. Assets received against DebenturesIV. Capital Reserve

Choose the correct answer from the options given below:

2025: 27 May Shift 1

Select the pair which 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.

(C) 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:

  1. (B) and (D) only
  2. (A) and (D) only
  3. (C) and (D) only
  4. (A) and (B) only

2025: 13 May Shift 1

Debentures are convertible into which of the following?

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