CUET Accountancy - A compnay 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:- | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 2

Company Accounts

Medium

common

Rs. 1,22,000

Rs. 50,000

Rs. 72,000

No interest will be paid.

✅ Correct Option: 3

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:

13 May Shift 2

Debentures are issued at a discount. In which of the following the difference between their nominal value and the issue price is treated as the amount of interest.

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-

CUET Accountancy 2025 30 May Shift 2 PYQs

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