CUET Accountancy 2025 30 May Shift 1 PYQs

Unrecorded liabilities when paid are recorded in:

Which of the following are the correct statements regarding debentures/debenture interest?(A) The payment of interest on debentures is a charge on the profits of the company.(B) Redeemable debentures are those debentures which are payable on the expiry of the specific period.(C) Debentures cannot be converted into shares.

Which among the following is NOT true about a Partnership?

Rahul Limited purchased a building from Handa Limited for $\text{Rs. }5,40,000$ and the payment is to be made by the issue of shares of $\text{Rs. }100$ each. What will be the number of shares to be issued when shares are issued at a premium of $20\%$?

Perpetual Debentures are also known as :-