CUET Accountancy - Which of the following 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: | PYQs + Solutions

CUET Accountancy 2025 31 May Shift 1

Company Accounts

Medium

common

(A) and (D) only

(B) and (C) only

(B) and (D) only

✅ Correct Option: 4

Related questions:

15 May Shift 1

Debenture Application & Allotment A/c Dr. 95,000

Loss on Issue of Debentures A/c Dr. 10,000

To 9% Debenture A/c 1,00,000

To Premium on Redemption of Debentures A/c 5,000

On the basis of the above entry, determine the rate of discount at which Rs. 1,00,000, 9% debentures of Rs. 100 each were issued if they were to be redeemed at a premium of 5%.

30 May Shift 1

Suvidha Ltd. purchased machinery worth Rs.1,98,000 from Suppliers Ltd. The payment was made by issue of 12% debentures of Rs.100 each. How many debentures will be issued at a 10% discount?

13 May Shift 1

X Co. Ltd. purchased assets worth Rs. 28,80,000. It issued debentures of Rs. 100 each at a discount of 4 % in full satisfaction of the purchase consideration. The number of debentures issued to vendors is:

CUET Accountancy 2025 31 May Shift 1 PYQs

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