CUET Accountancy - According to section ....... of The Companies Act, 2013 'Debenture' includes debenture inventory, bonds and any other securities of a company whether constituting a charge on the assets of the company or not. | PYQs + Solutions

CUET Accountancy 2025 27 May Shift 1

Company Accounts

Easy

common

2(3)

3(2)

30(2)

2(30)

✅ Correct Option: 4

Related questions:

22 May Shift 2

Match List-I with List-II

List-I	List-II
(Particulars)	(Treatment)
(A) Issue of debentures as collateral security	(I) Vendor Account will be credited
(B) Issue of debenture to Public	(II) Debenture Suspense Account will be debited
(C) Issue of debentures to vendor for purchase of an Asset	(III) Statement of Profit and Loss will be debited
(D) Writting off Discount/Loss on Issue of Debentures	(IV) Bank Account will be debited

Choose the correct answer from the options given below:

3 June Shift 2

The following are the features of Debenture:

(A) Debentures can be converted into shares if the terms of issue are so provided, and in that case these are known as convertible debentures.

(B) Debentures are generally secured and carry a fixed or floating charge over the assets of the company.

(D) The debentures are issued for a specified period and repayable on the expiry of that period.

Choose the correct answer from the options given below:

30 May Shift 1

Perpetual Debentures are also known as :-

CUET Accountancy 2025 27 May Shift 1 PYQs