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CUET Accountancy 2026 PYQs13 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 13 May Shift 1

Debentures

past year questions, Company Accounts, CUET Accountancy 2026 13 May Shift 1

Easy

common

Match List-I with List-II

List-IList-II
(A) Debentures transferable by mere delivery(I) Zero Coupon Debentures
(B) Debentures where a charge is created on the assets of the company for the purpose of payment in case of default(II) Bearer Debentures
(C) Debentures which are payable on the expiry of the specific period(III) Secured Debentures
(D) Debentures which do not carry a specific rate of interest(IV) Redeemable Debentures

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 3

Bearer debentures are transferable by mere delivery, so (A) matches (II).

A charge on assets makes them secured, so (B) matches (III).

Debentures repayable after a fixed period are redeemable, so (C) matches (IV).

Debentures carrying no stated interest rate are zero coupon debentures, so (D) matches (I).

Related questions:

2023: 20 June Shift 2

Which of the following option regarding issue and redemption of debenture is not possible in general?

2022: 20 Aug Shift 2

Blue Prints Ltd. purchased a building worth Rs. 1,50,000, Machinery worth Rs. 1,40,000 and Furniture worth Rs. 10,000 from XYZ Co. and took over its liabilities of Rs. 20,000 for a purchase consideration of Rs. 3,15,000.

Calculate the Goodwill/Capital Reserve to be recorded by Blue Print Ltd.

2025: 15 May Shift 2

Convertible debentures cannot be issued at a discount if:

2026: 11 May Shift 1

X Ltd. issued 2,000, 10% debentures of Rs. 100 each at a discount of 8% on April 1, 2025. These debentures are redeemable at par after ten years. The company has a balance in Securities Premium Reserve of Rs. 15,000. Calculate the amount of discount to be written off from the Securities Premium Reserve.

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.

2026: 20 May Shift 1

A Limited issued 5000, 10% debentures of Rs. 100 each, at a premium of Rs. 10 per debenture payable as follows:

On application Rs. 25, On allotment Rs. 45 (including premium), On first and final call Rs. 40.

The debentures were fully subscribed and all money was duly received.

Select the correct journal entries related to the above case from the following.

(A)

DateParticularsL.F.Dr. AmountCr. Amount
10% Debenture Allotment A/c Dr.2,25,000
To 10% Debentures A/c1,75,000
To Securities Premium Reserve A/c50,000

(B)

DateParticularsL.F.Dr. AmountCr. Amount
Bank A/c Dr.1,25,000
To 10% Debenture Application A/c1,25,000

(C)

DateParticularsL.F.Dr. AmountCr. Amount
Bank A/c Dr.2,00,000
To 10% Debenture First & Final Call A/c2,00,000

(D)

DateParticularsL.F.Dr. AmountCr. Amount
Bank A/c Dr.2,20,000
To 10% Debenture Allotment A/c2,20,000

Choose the correct answer from the options given below:

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