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CUET Accountancy 2025 PYQs14 May Shift 2. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 14 May Shift 2

Debentures

past year questions, Company Accounts, CUET Accountancy 2025 14 May Shift 2

Easy

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:

Solution

✅ Correct Option: 3

Let me match each type of debenture with its correct definition:

Unsecured Debentures (A): These debentures are not backed by any specific asset or charge on the company's property. They rely purely on the creditworthiness of the company. This matches with (II) - "do not have a specific charge on the assets of the company."

Redeemable Debentures (B): These debentures have a maturity date when the company will repay the principal amount to debentureholders. The redemption can be done at once or in installments over the company's lifetime. This matches with (III) - "payable on the expiry of the specific period either in lump sum or in instalments."

Specific Coupon Rate Debentures (C): The term "coupon rate" refers to the fixed interest rate mentioned on the debenture certificate. These debentures carry a predetermined interest rate that the company pays periodically. This matches with (I) - "issued with a specified rate of interest."

Bearer Debentures (D): These are negotiable instruments that can be transferred from one person to another simply by handing over the physical certificate. The company maintains no register of such debentureholders. This matches with (IV) - "transferred by way of delivery and the company does not keep any record."

The correct matching is:

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

Correct answer: Option 3

Related questions:

2026: 19 May Shift 1

XYZ 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. Calculate the amount received at the time of allotment.

2025: 4 June Shift 2

Debentures which are transferable by mere delivery are:

2026: 29 May Shift 2

__________ 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.

2025: 24 May Shift 1

Which of the following statements about debentures is FALSE?

(A) Debenture is a part of owned capital.

(B) Debentures cannot be converted into shares.

(C) Redeemable debentures are those debentures, which are payable on the expiry of the specific period.

(D) Debentures cannot be issued at a premium.

Choose the correct answer from the options given below:

2025: 13 May Shift 1

Which statements are wrong about debentures?

(A) Debenture is a part of owned capital.

(B) The debentures cannot be issued at a discount of more than 10% of the face value.

(C) Debentures cannot be converted into shares.

(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:

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

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