Debentures issued as collateral security are a secondary security given to lenders; they are not an actual borrowing. No interest is payable on such debentures because they are issued only as additional security for a loan.
CUET UG 2022 — Accountancy Company Accounts
Calculate the amount of yearly interest payable on 9% debentures (10,000 debentures of Rs. 100) issued as collateral security.
Held on 30 Aug 2022 · Verified 13 Jul 2026.
No Interest payable
Rs. 90,000
Rs. 9000
Rs. 99000
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According to Sec 2 (62) of Companies Act, 2013,the maximum amount of paidup share capital of an OPC is:
Arrange the following in correct order for issue of shares- (A) Share forfeiture (B) Share Application (C) Share Allotment (D) Unpaid Call Choose the correct answer from the options given below: 1. (B), (A), (C), (D) 2. (B), (C), (D), (A) 3. (B), (A), (D), (C) 4. (C), (B), (D), (A)
A debenture which is transferable merely by delivery is:
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What is the amount of Profit on reissue of Forfeited Shares Accounts transferred to capital reserve?
Work through every CUET UG Company Accounts PYQ, year by year.