CUET Accountancy 2025 14 May Shift 2 PYQs

General conditions regulate the issue and redemption terms of debentures. Which of the following issue/redemption scenarios is NOT standard or valid in accounting practice?

Based on the case study provided, which specific account—and with what amount—must be debited at the time XYZ Ltd. records the acquisition of the business?

Based on the case study details provided, how many debentures would XYZ Ltd. need to issue if the $12\%$ debentures (face value $\text{Rs. }100$ each) were issued at par instead of at a premium?

Based on the case study details provided, when XYZ Ltd. pays out the purchase consideration via the allotment of debentures, the vendor account (Blue Prints Ltd. Account) will be:

Based on the case study details provided, what is the actual number of debentures issued by XYZ Ltd. to Blue Prints Ltd. under the specified premium conditions?