CUET Accountancy - Issue of 8% debentures is shown under which sub-head in the balance sheet of a company: | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 1

Company Accounts

Easy

common

Long term borrowings

Short term loans and advances.

Long term loans and advances

Other current liabilities.

✅ Correct Option: 1

Related questions:

15 May Shift 1

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

In this case the debentures have been issued at a discount of 5% . What is the rate of premium on redemption of debentures?

30 May Shift 2

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:-

3 June Shift 2

In the case of __________ the difference between the nominal value and the issue price is treated as the amount of interest related to the duration of the debentures.

CUET Accountancy 2025 3 June Shift 1 PYQs

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