CUET Accountancy - The following are the features of Debenture: (A) Debentures can be converted into shares if the terms of issue are so provided, and in that case these are known as convertible debentures. (B) Debentures are generally secured and carry a fixed or floating charge over the assets of the company. (C) The rate of interest on debentures may vary from year to year depending upon the profits of the company. (D) The debentures are issued for a specified period and repayable on the expiry of that period. Choose the correct answer from the options given below: | PYQs + Solutions

CUET Accountancy 2025 3 June Shift 2

Company Accounts

Medium

common

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

✅ Correct Option: 2

Related questions:

4 June Shift 2

Match List-I with List-II

List-I	List-II
(Type of Debentures)	(Characteristic of Debenture)
(A) Secured Debentures	(I) do not have a specific charge on assets of the company
(B) Redeemable Debentures	(II) do not carry a specific rate of interest
(C) Zero Coupon Rate Debentures	(III) are payable on the expiry of the specific period
(D) Unsecured Debentures	(IV) a charge is created on the assets of the company

Choose the correct answer from the options given below:

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) These debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.	(I) Bearer Debentures
(B) These debentures are those which are payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.	(II) Zero Coupon Rate Debentures
(C) These debentures do not carry a specific rate of interest.	(III) Redeemable Debentures
(D) These debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures interest on the debentures that is paid to a person who produces the interest coupon attached to such debentures.	(IV) Secured Debentures

Choose the correct answer from the options given below:

3 June Shift 1

When debentures are issued at par and are redeemable at a premium, the loss on such issue is debited to :

CUET Accountancy 2025 3 June Shift 2 PYQs