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CUET Accountancy 2025 PYQs30 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 30 May Shift 1

Debentures

past year questions, Company Accounts, CUET Accountancy 2025 30 May Shift 1

Easy

common

Perpetual Debentures are also known as :-

Solution

✅ Correct Option: 4

Perpetual Debentures are those debentures that have no fixed date of redemption. The company is not obligated to repay the principal amount during its lifetime and only pays interest periodically to the debenture holders.

These are also known as Irredeemable Debentures because they cannot be redeemed or repaid by the company (except in case of liquidation).

The other options represent different classifications of debentures:

Non-Convertible Debentures → Cannot be converted into equity shares, but they do have a maturity date for redemption

Unsecured Debentures → Not backed by any specific asset or collateral of the company

Registered Debentures → Registered in the books of the company with details of debenture holders recorded

The distinguishing feature of perpetual debentures is the absence of a redemption date, which is why they are termed as irredeemable.

Related questions:

2022: 20 July Shift 1

The following journal entry is recorded in the books of RST Ltd. on issue of debentures :

Bank a/c Dr 18,00,000

Loss on issue of Debentures a/c Dr 6,00,000

To 14% Debentures 20,00,000

To Premium on Redemption of Debentunes 4,00,000

Debentures have been issued at a discount of :

2025: 15 May Shift 2

Which of the following will be included in case debenture's are issued to vendor at a discount for purchase consideration other than cash?

(A) % Debenture A/c is credited

(B) Vendor A/c is debited

(C) Discount on Issue of Debenture A/c is debited

(D) Securities Premium Reserve A/c is credited

Choose the correct answer from the options given below:

2025: 14 May Shift 1

Match List-I with List-II

List-IList-II
(A) Secured Debentures(I) Which are payable on the expiry of the specific period either in lump sum or in instalments during the life time of the company.
(B) Unsecured Debentures(II) Debentures where a charge is created on the assets of the company for the purpose of payment in case of default.
(C) Redeemable Debentures(III) These debentures are repayable on the winding-up of a company or on the expiry of a long period.
(D) Irredeemable Debentures(IV) Debentures do not have a specific charge on the assets of the company.

Choose the correct answer from the options given below:

2025: 14 May Shift 2

Number of debentures issued are :

2023: 20 June Shift 2

Which of the following option regarding issue and redemption of debenture is not possible in general?

2026: 20 May Shift 1

Which of the following is a written instrument acknowledging a debt under the common seal of the company?

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CUET Accountancy Past Year Questions (Topic-Wise)