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CUET Accountancy 2026 PYQs19 May Shift 1. Free, no login required.

Company Accounts

past year questions, CUET Accountancy 2026 19 May Shift 1

Debentures

past year questions, Company Accounts, CUET Accountancy 2026 19 May Shift 1

Medium

common

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?

Solution

✅ Correct Option: 2

Debentures issued as collateral security =4,000+6,000=10,000= 4,000 + 6,000 = 10,000 debentures of Rs 100 each =10,00,000= 10,00,000. Under the method where such an issue is recorded in the books, Debentures Suspense A/c is debited with this full nominal value.

Related questions:

2025: 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?

2022: 30 Aug Shift 2

What are different types of debentures from the view point of registration

A. Convertible

B. Bearer

C. Redeemable

D. Secured

E. Registered

Choose the correct answer from the options given below:

2023: 11 June Shift 3

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

2026: 20 May Shift 1

Match List-I with List-II

List-IList-II
(A) Debentures issued for consideration other than cash(I) A company issues debentures at a price lower than their face value.
(B) Debentures issued as Collateral Security(II) A company purchases assets from vendors and make payment by debentures
(C) Debentures issued for cash(III) The company may issue its own debentures to the lenders in addition to some other assets already pledged
(D) Debentures issued at discount(IV) A company invite the public to apply for debentures by issue of prospectus

Choose the correct answer from the options given below:

2025: 4 June Shift 2

Debentures which are transferable by mere delivery are:

2022: 20 Aug Shift 2

Which A/c is credited for transfer of interest on Debenture Redemption Fund Investment?

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