CUET Accountancy - G.S. Rai company ltd. purchased assets of the book value of Rs. 98,000 from another firm. It was agreed that purchase consideration be paid by issuing 11% debentures of Rs. 100 each. Assume debentures have been issued at discount of 20% Identify the number of debentures issued by the company to the vendor | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 1

Company Accounts

Easy

1100 debentures

1200 debentures

1225 debentures

1960 debentures

✅ Correct Option: 3

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

Match List-I with List-II

List-I	List-II
Type of Debenture	Explanation
(A) Secured Debentures	(I) These debentures do not have a specific charge on the assets of the company.
(B) Irredeemable Debentures	(II) 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.
(C) Unsecured Debentures	(III) It refers to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.
(D) Redeemable Debentures	(IV) These debentures are repayable on the winding-up of a company or on the expiry of a long period.

Choose the correct answer from the options given below:

2 June Shift 2

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

CUET Accountancy 2025 15 May Shift 1 PYQs