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CUET Accountancy 2025 PYQs16 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2025 16 May Shift 1

Debentures

past year questions, Company Accounts, CUET Accountancy 2025 16 May Shift 1

Easy

From the point of view of Tenure, debentures can be of following types:

(A) Reedemable Debentures

(B) Non-Convertible Debentures

(C) Perpetual Debentures

(D) Registered Debentures

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 1

Debentures can be classified on different bases. When classified based on tenure (time period), we consider whether the debentures have a fixed maturity period or not.

Analyzing each option:

Redeemable Debentures (A): These have a fixed maturity period and are redeemed after a specified time. This classification is based on tenure. ✓

Non-Convertible Debentures (B): These cannot be converted into equity shares. This classification is based on convertibility, not tenure. ✗

Perpetual Debentures (C): These have no fixed maturity date and are not redeemed during the company's lifetime. This classification is based on tenure. ✓

Registered Debentures (D): These are registered in the company's register and transfer requires proper documentation. This classification is based on registration/transferability, not tenure. ✗

From the point of view of tenure, debentures are classified into only two types:

  • Redeemable Debentures (have maturity date)
  • Irredeemable/Perpetual Debentures (no maturity date)

Correct Answer: Option 1 - (A) and (C) only

Related questions:

2025: 3 June Shift 1

Which among the following 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 is paid to a person who produces this interest coupon attached to such debentures?

2025: 27 May Shift 1

Which of the following is not a way of issuing debentures-

2026: 11 May Shift 2

Debenture Application & Allotment A/c Dr. 210,000

Loss on Issue of Debentures A/c Dr. 10,000

To 9% Debenture A/c 2,00,000

To Premium on Redemption of Debentures A/c 10,000

To Securities Premium Reserve A/c 10,000

(Debenture application money transferred to debentures account)

Accountant has passed the above journal entry. Identify the correct situation of terms and conditions of issue and redemption of debentures,

2023: 11 June Shift 3

Determine the number of Debentures to be issued.

2026: 20 May Shift 1

In case debentures were issued as collateral security for taking loan from ABC Bank. Choose the correct journal entry for cancellation of debentures as collateral security on repayment of bank loan.

2025: 15 May Shift 2

To write off Discount on issue of debentures following entry is made

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