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CUET Accountancy 2025 PYQs31 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 31 May Shift 1

Debentures

past year questions, Company Accounts, CUET Accountancy 2025 31 May Shift 1

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common

Match List-I with List-II

List-IList-II
(A) Redeemable Debentures(I) The company does not give any undertaking for the repayment of money borrowed by issuing such debentures
(B) Convertible Debentures(II) Which are payable on the expiry of the specific period either in lump sum or in installments during the life time of the company.
(C) Irredeemable Debentures(III) Which are convertible into equity shares or in any other security either at the option of the company or the debenture holders.
(D) Unsecured Debentures(IV) These do not have a specific charge on the assets of the company.

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Redeemable Debentures are those which the company undertakes to repay after a specified period. The repayment can be made either in lump sum at maturity or in installments during the company's lifetime. This matches with (II).

Convertible Debentures are debentures that can be converted into equity shares or other securities at the option of either the company or the debenture holder after a specified period. This matches with (III).

Irredeemable Debentures (also called perpetual debentures) are those for which the company does not give any undertaking for repayment. These are repayable only at the time of liquidation of the company. This matches with (I).

Unsecured Debentures (also called naked debentures) are not secured by any charge on the assets of the company. They do not have any specific charge on company assets. This matches with (IV).

The correct matching should be:

  • (A) → (II)
  • (B) → (III)
  • (C) → (I)
  • (D) → (IV)

Related questions:

2025: 24 May Shift 1

ABC Industries Ltd. issued 2,000, 10% Debentures of Rs.100 each, at a premium of Rs. 10 per debenture payable as follows: On application Rs. 50 On allotment Rs. 60 The debentures were fully subscribed, and all money was duly received. The amount of long-term borrowings on the balance sheet will be

2025: 14 May Shift 2

Match List-I with List-II

List-IList-II
(A) Unsecured Debentures(I) These debentures are issued with a specified rate of interest.
(B) Redeemable Debentures(II) These debentures do not have a specific charge on the assets of the company.
(C) Specific Coupon Rate Debentures(III) These are those which are payable on the expiry of the specific period either in lump sum or in instalments during the life-time of the company.
(D) Bearer Debentures(IV) The debentures which can be transferred by way of delivery and the company does not keep any record of the debentures.

Choose the correct answer from the options given below:

2026: 24 May Shift 1

Depending upon the terms and conditions of issue and redemption of debentures, which of the following situation is not found in practice?

2023: 28 May Shift 1

If 5% debenture of Rs. 8,00,000 of Rs. 100 were issued at 15% premium. Amount is payable as Rs. 25 on applications, Rs. 50 on allotment and Rs. 40 on 1st and final call. How much amount should be credited to "Security Premium Reserve A/c".

2026: 13 May Shift 2

When debentures are issued at discount and redeemable at a premium, ___________ account will be _________ for combined capital loss of issue and redemption of debentures.

2023: 11 June Shift 3

Interest payable on the Debentures issued for the year ended Mar, 31st 2023 will be :

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