Discount on Issue of Debentures = Face Value x Discount Rate
= 12,00,000 x 10% = 1,20,000.
This full amount is transferred to the Discount on Issue of Debentures A/c when the entire sum is received in one instalment.
CUET UG 2023 — Accountancy Company Accounts
While issuing 10% debenture of Rs. 12,00,000 at 10% discount. What amount should be transferred to "Discount on issue of debenture A/c" if all amount is received in one instalment ?
Held on 28 May 2023 · Verified 13 Jul 2026.
Rs. 10,000
Rs. 12,000
Rs. 1,20,000
Rs. 1,00,000
Sign in to track your attempts and accuracy.
Sign in to keep a private note on this question. Nothing you write is ever public.
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:
Which statements are correct about capital reserve:- (A) It is necessary to create capital reserves out of capital profits, if any. (B) It cannot be used to issue bonus shares. (C) It can be used to write off capital losses or to issue bonus shares any time during the lifetime of the company. (D) It is not shown on the company balance sheet. Choose the correct answer from the options given below:
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.