Company Accounts

Debentures

Easy

common

Match the LIST-I with LIST-II

LIST-I LIST-II
A. Irredeemable Debentures I. can be transferred by way of delivery.
B. Zero Coupon Rate Debentures II. also known as Perpetual Debentures.
C. Bearer Debentures III. debentures which can be transferred only by executing a regular transfer deed.
D. Registered Debentures IV. do not carry a specific rate of interest.

Choose the correct answer from the options given below:

LIST-I		LIST-II
A.	Irredeemable Debentures	I. can be transferred by way of delivery.
B.	Zero Coupon Rate Debentures	II. also known as Perpetual Debentures.
C.	Bearer Debentures	III. debentures which can be transferred only by executing a regular transfer deed.
D.	Registered Debentures	IV. do not carry a specific rate of interest.

A-II, B-I, C-III, D-IV

A-II, B-IV, C-I, D-III

A-I, B-II, C-IV, D-III

A-III, B-IV, C-I, D-II

✅ Correct Option: 2

Irredeemable debentures are perpetual (II). Zero coupon debentures carry no stated interest rate, the return coming from the issue discount (IV). Bearer debentures pass by mere delivery (I), while registered debentures require a transfer deed (III).

2023: 11 June Shift 3

What will be the amount of premium on Redemption of Debentures.

2023: 11 June Shift 3

Interest payable on the Debentures issued for the year ended Mar, 31st 2023 will be :

2026: 19 May Shift 1

Mehak Ltd. took a loan of Rs. 30,00,000 from a bank against primary security worth Rs. 40,00,000 and issued 4,000, 6% debentures of Rs. 100 each as a collateral security. The company, again after one year, took a loan of Rs. 50,00,000 from the bank against the plant as primary security and deposited 6,000, 6% debentures of Rs. 100 each as collateral security.

What is the amount of debenture suspense account in the balance sheet?

2022: 15 July Shift 2

When the number of Debentures applied for is more than the number of debentures offered to public, the issue is said to be:

2025: 31 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Redeemable Debentures	(I) The company does not give any undertaking for the repayment of money borrowed by issuing such debentures
(B) Convertible Debentures	(II) Which are payable on the expiry of the specific period either in lump sum or in installments during the life time of the company.
(C) Irredeemable Debentures	(III) Which are convertible into equity shares or in any other security either at the option of the company or the debenture holders.
(D) Unsecured Debentures	(IV) These do not have a specific charge on the assets of the company.

Choose the correct answer from the options given below:

2026: 11 May Shift 1

XYG Company Ltd. purchased assets with a book value of Rs. 99,000 from another firm. It was agreed that purchase consideration should be paid by issuing 11% debentures of Rs. 100 each at a premium of 10%. Calculate the number of debentures to be issued.

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