CUET Accountancy Company Accounts > Debentures PYQs

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CUET Accountancy

Q1:

4 June Shift 2

Company Accounts

Easy

Q1:

Registered debentures

First debentures

Bearer debentures

Unsecured Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

4 June Shift 2

Company Accounts

Easy

Q2:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q3:

4 June Shift 2

Company Accounts

Medium

Q3:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q4:

3 June Shift 2

Company Accounts

Medium

Q4:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

3 June Shift 2

Company Accounts

Medium

Q5:

Zero Coupon Debenture

Secured Debentures

Redeemable Debentures

Non-convertible Debentures

Correct Answer

Option 1

Correct Answer

Explanation →

Q6:

3 June Shift 2

Company Accounts

Easy

Q6:

Other current assets

Short term loans and advances.

Long term loans and advances

Other current liabilities.

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

3 June Shift 1

Company Accounts

Medium

Q7:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

3 June Shift 1

Company Accounts

Easy

Q8:

Long term borrowings

Short term loans and advances.

Long term loans and advances

Other current liabilities.

Correct Answer

Option 1

Correct Answer

Explanation →

Q9:

3 June Shift 1

Company Accounts

Easy

Q9:

Specific Coupon Rate Debentures

Secured Debentures

Bearer Debentures

Redeemable Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q10:

3 June Shift 1

Company Accounts

Easy

Q10:

Statement of profit and loss

Debentures applications and allotment account

Loss on issue of debentures account

Statement of cash flow

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

2 June Shift 2

Company Accounts

Medium

Q11:

Rs. 20,000

Rs. 15,000

Rs. 19,000

Rs. 12,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q12:

2 June Shift 2

Company Accounts

Medium

Q12:

Deduction from debenture.

A commitment.

Trade payables.

Debenture redemption reserve.

Correct Answer

Option 1

Correct Answer

Explanation →

Q13:

2 June Shift 2

Company Accounts

Medium

Q13:

Other current assets

Short term loans and advances.

Long term loans and advances

Other current liabilities.

Correct Answer

Option 1

Correct Answer

Explanation →

Q14:

2 June Shift 2

Company Accounts

Easy

Q14:

Cash and cash equivalents.

Operating activity.

Investing Activity.

Financing Activity

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

31 May Shift 1

Company Accounts

Medium

Q15:

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

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

(A) - (II), (B) - (III), (C) - (IV), (D) - (III)

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q16:

31 May Shift 1

Company Accounts

Medium

Q16:

(A) and (D) only

(B) and (C) only

(B) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q17:

31 May Shift 1

Company Accounts

Easy

Q17:

Registered debentures

First debentures

Bearer debentures

Unsecured Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

30 May Shift 2

Company Accounts

Medium

Q18:

Rs. 1,22,000

Rs. 50,000

Rs. 72,000

No interest will be paid.

Correct Answer

Option 3

Correct Answer

Explanation →

Q19:

30 May Shift 2

Company Accounts

Easy

Q19:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q20:

30 May Shift 2

Company Accounts

Easy

Q20:

Non-Convertible Debentures

Unsecured Debentures

Registered Debentures

Irredeemable Debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q21:

30 May Shift 1

Company Accounts

Easy

Q21:

3,200 debentures

1,900 Debentures

1,800 Debentures

2,200 debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q22:

30 May Shift 1

Company Accounts

Medium

Q22:

(A), (C) and (D) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q23:

30 May Shift 1

Company Accounts

Easy

Q23:

Non-Convertible Debentures

Unsecured Debentures

Registered Debentures

Irredeemable Debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q24:

30 May Shift 1

Company Accounts

Easy

Q24:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q25:

29 May Shift 2

Company Accounts

Easy

Q25:

Non-Convertible Debenture

Un-Secured Debentures

Non-Transferable Debentures

Irredeemable Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q26:

27 May Shift 2

Company Accounts

Medium

Q26:

Rs.20,000.

Rs.15,000.

Rs.19,000.

Rs.12,000.

Correct Answer

Option 1

Correct Answer

Explanation →

Q27:

27 May Shift 1

Company Accounts

Easy

Q27:

Issue of Debenture at Par

Issue of Debenture at capital

Issue of Debentures at premium

Issue of Debentures at discount

Correct Answer

Option 2

Correct Answer

Explanation →

Q28:

27 May Shift 1

Company Accounts

Medium

Q28:

(B) and (D) only

(A) and (D) only

(A) and (B) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q29:

27 May Shift 1

Company Accounts

Medium

Q29:

Rs. 4,00,000

Rs. 5,60,000

Rs. 4,40,000

Rs. 6,00,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q30:

27 May Shift 1

Company Accounts

Easy

Q30:

2(3)

3(2)

30(2)

2(30)

Correct Answer

Option 4

Correct Answer

Explanation →

Q31:

26 May Shift 2

Company Accounts

Easy

Q31:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

26 May Shift 2

Company Accounts

Easy

Q32:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q33:

26 May Shift 2

Company Accounts

Easy

Q33:

1,000

3,000

2,000

1,500

Correct Answer

Option 2

Correct Answer

Explanation →

Q34:

26 May Shift 2

Company Accounts

Easy

Q34:

Statement of profit and loss.

Debentures applications and allotment account.

Loss on issue of debentures account

Debenture Redemption Reserve

Correct Answer

Option 3

Correct Answer

Explanation →

Q35:

26 May Shift 2

Company Accounts

Easy

Q35:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

24 May Shift 1

Company Accounts

Easy

Q36:

2,00,000

1,00,000

1,20,000

2,20,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

24 May Shift 1

Company Accounts

Medium

Q37:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q38:

24 May Shift 1

Company Accounts

Easy

Q38:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

24 May Shift 1

Company Accounts

Easy

Q39:

First debenture

Registered debenture

Bearer debenture

Mortgage debenture

Correct Answer

Option 3

Correct Answer

Explanation →

Q40:

22 May Shift 2

Company Accounts

Easy

Q40:

Perpetual Debentures

Redeemable Debentures

Zero coupon rate debentures

Specific coupon rate debentures

Correct Answer

Option 2

Correct Answer

Explanation →

Q41:

22 May Shift 2

Company Accounts

Medium

Q41:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q42:

22 May Shift 2

Company Accounts

Easy

Q42:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2,3

Correct Answer

Explanation →

Q43:

16 May Shift 1

Company Accounts

Easy

Q43:

(A) and (C) only

(A), (C) and (B) only

(A), (B), (C) and (D)

(A), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q44:

15 May Shift 2

Company Accounts

Medium

Q44:

They are not to be immediately converted

They are to be immediately converted

Shareholder opts for redemption in cash

Not recited approval from SEBI

Correct Answer

Option 2

Correct Answer

Explanation →

Q45:

15 May Shift 2

Company Accounts

Medium

Q45:

(A), (B), (C) and (D)

(A), (C) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q46:

15 May Shift 2

Company Accounts

Medium

Q46:

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 Answer

Option 3

Correct Answer

Explanation →

Q47:

15 May Shift 1

Company Accounts

Easy

Q47:

1100 debentures

1200 debentures

1225 debentures

1960 debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q48:

15 May Shift 1

Company Accounts

Easy

Q48:

Rs.5,000

Rs.10,000

Rs.15,000

Rs.20,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

15 May Shift 1

Company Accounts

Medium

Q49:

10%

15%

20%

Correct Answer

Option 1

Correct Answer

Explanation →

Q50:

15 May Shift 1

Company Accounts

Medium

Q50:

15%

20%

10%

Correct Answer

Option 4

Correct Answer

Explanation →

Q51:

14 May Shift 2

Company Accounts

Easy

Q51:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q52:

14 May Shift 2

Company Accounts

Medium

Q52:

Issued at par and redeemable at par

Issued at a premium and redeemable at par

Issued at par and redeemable at a premium

Issued at a discount and redeemable at a discount

Correct Answer

Option 4

Correct Answer

Explanation →

Q53:

14 May Shift 2

Company Accounts

Medium

Q53:

Goodwill Rs 35,000

Capital reserve Rs 35,000

Goodwill Rs 25,000

Capital reserve Rs 25,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q54:

14 May Shift 2

Company Accounts

Medium

Q54:

3,000

3,150

3,300

3,500

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

14 May Shift 2

Company Accounts

Medium

Q55:

Debited by Rs 3,00,000

Debited by Rs 3,15,000

Credited by Rs 3,00,000

Credited by Rs 3,15,000

Correct Answer

Option 2,4

Correct Answer

Explanation →

Q56:

14 May Shift 2

Company Accounts

Easy

Q56:

2,500

2,800

3,000

3,150

Correct Answer

Option 3

Correct Answer

Explanation →

Q57:

14 May Shift 1

Company Accounts

Medium

Q57:

(A), (B) and (D) only

(A), (C) and (E) only

(A), (B), (C) and (E)

(A), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q58:

14 May Shift 1

Company Accounts

Easy

Q58:

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

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

(A) - (III), (B) - (I), (C) - (IV), (D) - (III)

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q59:

13 May Shift 2

Company Accounts

Easy

Q59:

Statement of profit and loss

Debentures applications and allotment account

Loss on issue of debentures account

Capital Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q60:

13 May Shift 2

Company Accounts

Easy

Q60:

15%

10%

Correct Answer

Option 3

Correct Answer

Explanation →

Q61:

13 May Shift 2

Company Accounts

Medium

Q61:

Convertible Debentures

Perpetual Debentures

Zero Coupon Rate Debentures

Specific Coupon Rate Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q62:

13 May Shift 2

Company Accounts

Easy

Q62:

Rs. 15000

Rs. 10,000

Rs. 25,000

Rs. 30,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q63:

13 May Shift 1

Company Accounts

Easy

Q63:

Debts

Reserves

Non-performing assets

Correct Answer

Option 3

Correct Answer

Explanation →

Q64:

13 May Shift 1

Company Accounts

Medium

Q64:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q65:

13 May Shift 1

Company Accounts

Easy

Q65:

Redeemable

Unsecured

Specific coupon rate

Zero coupon rate

Correct Answer

Option 2

Correct Answer

Explanation →

Q66:

13 May Shift 1

Company Accounts

Easy

Q66:

30,000

28,800

32,000

28,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q67:

CUET Accountancy 2024 Slot 1

Company Accounts

Medium

Q67:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q68:

CUET Accountancy 2024 Slot 1

Company Accounts

Medium

Q68:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →

CUET Accountancy Company Accounts > Debentures PYQs

Filter & Analyse PYQs (Topic-Wise) →

No login required. No pop-ups. We have all previous-year questions with solutions for free!

CUET Accountancy

Q1:

4 June Shift 2

Company Accounts

Easy

Q1:

Registered debentures

First debentures

Bearer debentures

Unsecured Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q2:

4 June Shift 2

Company Accounts

Easy

Q2:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q3:

4 June Shift 2

Company Accounts

Medium

Q3:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q4:

3 June Shift 2

Company Accounts

Medium

Q4:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

3 June Shift 2

Company Accounts

Medium

Q5:

Zero Coupon Debenture

Secured Debentures

Redeemable Debentures

Non-convertible Debentures

Correct Answer

Option 1

Correct Answer

Explanation →

Q6:

3 June Shift 2

Company Accounts

Easy

Q6:

Other current assets

Short term loans and advances.

Long term loans and advances

Other current liabilities.

Correct Answer

Option 1

Correct Answer

Explanation →

Q7:

3 June Shift 1

Company Accounts

Medium

Q7:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

3 June Shift 1

Company Accounts

Easy

Q8:

Long term borrowings

Short term loans and advances.

Long term loans and advances

Other current liabilities.

Correct Answer

Option 1

Correct Answer

Explanation →

Q9:

3 June Shift 1

Company Accounts

Easy

Q9:

Specific Coupon Rate Debentures

Secured Debentures

Bearer Debentures

Redeemable Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q10:

3 June Shift 1

Company Accounts

Easy

Q10:

Statement of profit and loss

Debentures applications and allotment account

Loss on issue of debentures account

Statement of cash flow

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

2 June Shift 2

Company Accounts

Medium

Q11:

Rs. 20,000

Rs. 15,000

Rs. 19,000

Rs. 12,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q12:

2 June Shift 2

Company Accounts

Medium

Q12:

Deduction from debenture.

A commitment.

Trade payables.

Debenture redemption reserve.

Correct Answer

Option 1

Correct Answer

Explanation →

Q13:

2 June Shift 2

Company Accounts

Medium

Q13:

Other current assets

Short term loans and advances.

Long term loans and advances

Other current liabilities.

Correct Answer

Option 1

Correct Answer

Explanation →

Q14:

2 June Shift 2

Company Accounts

Easy

Q14:

Cash and cash equivalents.

Operating activity.

Investing Activity.

Financing Activity

Correct Answer

Option 4

Correct Answer

Explanation →

Q15:

31 May Shift 1

Company Accounts

Medium

Q15:

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

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

(A) - (II), (B) - (III), (C) - (IV), (D) - (III)

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q16:

31 May Shift 1

Company Accounts

Medium

Q16:

(A) and (D) only

(B) and (C) only

(B) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q17:

31 May Shift 1

Company Accounts

Easy

Q17:

Registered debentures

First debentures

Bearer debentures

Unsecured Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q18:

30 May Shift 2

Company Accounts

Medium

Q18:

Rs. 1,22,000

Rs. 50,000

Rs. 72,000

No interest will be paid.

Correct Answer

Option 3

Correct Answer

Explanation →

Q19:

30 May Shift 2

Company Accounts

Easy

Q19:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q20:

30 May Shift 2

Company Accounts

Easy

Q20:

Non-Convertible Debentures

Unsecured Debentures

Registered Debentures

Irredeemable Debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q21:

30 May Shift 1

Company Accounts

Easy

Q21:

3,200 debentures

1,900 Debentures

1,800 Debentures

2,200 debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q22:

30 May Shift 1

Company Accounts

Medium

Q22:

(A), (C) and (D) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q23:

30 May Shift 1

Company Accounts

Easy

Q23:

Non-Convertible Debentures

Unsecured Debentures

Registered Debentures

Irredeemable Debentures

Correct Answer

Option 4

Correct Answer

Explanation →

Q24:

30 May Shift 1

Company Accounts

Easy

Q24:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q25:

29 May Shift 2

Company Accounts

Easy

Q25:

Non-Convertible Debenture

Un-Secured Debentures

Non-Transferable Debentures

Irredeemable Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q26:

27 May Shift 2

Company Accounts

Medium

Q26:

Rs.20,000.

Rs.15,000.

Rs.19,000.

Rs.12,000.

Correct Answer

Option 1

Correct Answer

Explanation →

Q27:

27 May Shift 1

Company Accounts

Easy

Q27:

Issue of Debenture at Par

Issue of Debenture at capital

Issue of Debentures at premium

Issue of Debentures at discount

Correct Answer

Option 2

Correct Answer

Explanation →

Q28:

27 May Shift 1

Company Accounts

Medium

Q28:

(B) and (D) only

(A) and (D) only

(A) and (B) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q29:

27 May Shift 1

Company Accounts

Medium

Q29:

Rs. 4,00,000

Rs. 5,60,000

Rs. 4,40,000

Rs. 6,00,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q30:

27 May Shift 1

Company Accounts

Easy

Q30:

2(3)

3(2)

30(2)

2(30)

Correct Answer

Option 4

Correct Answer

Explanation →

Q31:

26 May Shift 2

Company Accounts

Easy

Q31:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

26 May Shift 2

Company Accounts

Easy

Q32:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q33:

26 May Shift 2

Company Accounts

Easy

Q33:

1,000

3,000

2,000

1,500

Correct Answer

Option 2

Correct Answer

Explanation →

Q34:

26 May Shift 2

Company Accounts

Easy

Q34:

Statement of profit and loss.

Debentures applications and allotment account.

Loss on issue of debentures account

Debenture Redemption Reserve

Correct Answer

Option 3

Correct Answer

Explanation →

Q35:

26 May Shift 2

Company Accounts

Easy

Q35:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q36:

24 May Shift 1

Company Accounts

Easy

Q36:

2,00,000

1,00,000

1,20,000

2,20,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q37:

24 May Shift 1

Company Accounts

Medium

Q37:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q38:

24 May Shift 1

Company Accounts

Easy

Q38:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q39:

24 May Shift 1

Company Accounts

Easy

Q39:

First debenture

Registered debenture

Bearer debenture

Mortgage debenture

Correct Answer

Option 3

Correct Answer

Explanation →

Q40:

22 May Shift 2

Company Accounts

Easy

Q40:

Perpetual Debentures

Redeemable Debentures

Zero coupon rate debentures

Specific coupon rate debentures

Correct Answer

Option 2

Correct Answer

Explanation →

Q41:

22 May Shift 2

Company Accounts

Medium

Q41:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q42:

22 May Shift 2

Company Accounts

Easy

Q42:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2,3

Correct Answer

Explanation →

Q43:

16 May Shift 1

Company Accounts

Easy

Q43:

(A) and (C) only

(A), (C) and (B) only

(A), (B), (C) and (D)

(A), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q44:

15 May Shift 2

Company Accounts

Medium

Q44:

They are not to be immediately converted

They are to be immediately converted

Shareholder opts for redemption in cash

Not recited approval from SEBI

Correct Answer

Option 2

Correct Answer

Explanation →

Q45:

15 May Shift 2

Company Accounts

Medium

Q45:

(A), (B), (C) and (D)

(A), (C) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q46:

15 May Shift 2

Company Accounts

Medium

Q46:

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 Answer

Option 3

Correct Answer

Explanation →

Q47:

15 May Shift 1

Company Accounts

Easy

Q47:

1100 debentures

1200 debentures

1225 debentures

1960 debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q48:

15 May Shift 1

Company Accounts

Easy

Q48:

Rs.5,000

Rs.10,000

Rs.15,000

Rs.20,000

Correct Answer

Option 2

Correct Answer

Explanation →

Q49:

15 May Shift 1

Company Accounts

Medium

Q49:

10%

15%

20%

Correct Answer

Option 1

Correct Answer

Explanation →

Q50:

15 May Shift 1

Company Accounts

Medium

Q50:

15%

20%

10%

Correct Answer

Option 4

Correct Answer

Explanation →

Q51:

14 May Shift 2

Company Accounts

Easy

Q51:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q52:

14 May Shift 2

Company Accounts

Medium

Q52:

Issued at par and redeemable at par

Issued at a premium and redeemable at par

Issued at par and redeemable at a premium

Issued at a discount and redeemable at a discount

Correct Answer

Option 4

Correct Answer

Explanation →

Q53:

14 May Shift 2

Company Accounts

Medium

Q53:

Goodwill Rs 35,000

Capital reserve Rs 35,000

Goodwill Rs 25,000

Capital reserve Rs 25,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q54:

14 May Shift 2

Company Accounts

Medium

Q54:

3,000

3,150

3,300

3,500

Correct Answer

Option 2

Correct Answer

Explanation →

Q55:

14 May Shift 2

Company Accounts

Medium

Q55:

Debited by Rs 3,00,000

Debited by Rs 3,15,000

Credited by Rs 3,00,000

Credited by Rs 3,15,000

Correct Answer

Option 2,4

Correct Answer

Explanation →

Q56:

14 May Shift 2

Company Accounts

Easy

Q56:

2,500

2,800

3,000

3,150

Correct Answer

Option 3

Correct Answer

Explanation →

Q57:

14 May Shift 1

Company Accounts

Medium

Q57:

(A), (B) and (D) only

(A), (C) and (E) only

(A), (B), (C) and (E)

(A), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q58:

14 May Shift 1

Company Accounts

Easy

Q58:

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

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

(A) - (III), (B) - (I), (C) - (IV), (D) - (III)

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q59:

13 May Shift 2

Company Accounts

Easy

Q59:

Statement of profit and loss

Debentures applications and allotment account

Loss on issue of debentures account

Capital Account

Correct Answer

Option 3

Correct Answer

Explanation →

Q60:

13 May Shift 2

Company Accounts

Easy

Q60:

15%

10%

Correct Answer

Option 3

Correct Answer

Explanation →

Q61:

13 May Shift 2

Company Accounts

Medium

Q61:

Convertible Debentures

Perpetual Debentures

Zero Coupon Rate Debentures

Specific Coupon Rate Debentures

Correct Answer

Option 3

Correct Answer

Explanation →

Q62:

13 May Shift 2

Company Accounts

Easy

Q62:

Rs. 15000

Rs. 10,000

Rs. 25,000

Rs. 30,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q63:

13 May Shift 1

Company Accounts

Easy

Q63:

Debts

Reserves

Non-performing assets

Correct Answer

Option 3

Correct Answer

Explanation →

Q64:

13 May Shift 1

Company Accounts

Medium

Q64:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q65:

13 May Shift 1

Company Accounts

Easy

Q65:

Redeemable

Unsecured

Specific coupon rate

Zero coupon rate

Correct Answer

Option 2

Correct Answer

Explanation →

Q66:

13 May Shift 1

Company Accounts

Easy

Q66:

30,000

28,800

32,000

28,000

Correct Answer

Option 1

Correct Answer

Explanation →

Q67:

CUET Accountancy 2024 Slot 1

Company Accounts

Medium

Q67:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q68:

CUET Accountancy 2024 Slot 1

Company Accounts

Medium

Q68:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 4

Correct Answer

Explanation →