CUET Accountancy - To write off Discount on issue of debentures following entry is made | PYQs + Solutions

CUET Accountancy 2025 15 May Shift 2

Company Accounts

Medium

Shareholder A/c Dr.

To Discount on issue of Debentures A/c

Capital reserve A/c Dr.

To Discount on issue of Debentures A/c

Securities Premium Reserve A/c./Statement of Profit and Loss Dr.

To Discount on Issue of Debentures A/c.

Share forfeiture A/c Dr.

To Discount on issue of Debentures A/c

✅ Correct Option: 3

Related questions:

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:

3 June Shift 2

Discount on issue of 8% debentures is shown in the balance sheet as

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.

(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:

CUET Accountancy 2025 15 May Shift 2 PYQs