CUET Accountancy - Issue of Rs. 1,00,000, 9% debentures of Rs. 100 each at discount of 15% but redeemable at premium of 5%, the amount debited to loss on issue of debenture account is. | PYQs + Solutions

CUET Accountancy 2025 2 June Shift 2

Company Accounts

Medium

common

Rs. 20,000

Rs. 15,000

Rs. 19,000

Rs. 12,000

✅ Correct Option: 1

Related questions:

2 June Shift 2

Cash received from the issue of debenture for a trading organization is.

3 June Shift 1

The following are the features of Debentures:

(A) The payment of interest is a charge on profits and is to be paid even if there is no profit.

(B) The debentures, which are issued for a specified period are repayable on the expiry of that period.

(D) Debentures can not be converted into shares in any case.

Choose the correct answer from the options given below:

13 May Shift 2

The following journal entry appears in the books of X Co. Ltd.

Bank A/c Dr. 4,75,000

Loss on issue of debenture A/c Dr. 75,000

To 12% Debentures A/c 5,00,000

To Premium on Redemption of Debenture A/c 50,000

Debentures have been issued at a discount of:

CUET Accountancy 2025 2 June Shift 2 PYQs