Match List-I with List-II List-

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Issue and Redemption of Debentures

Question:

Match List-I with List-II

List-l Type of Debenture	List-II Meaning
(A) Redeemable Debenture	(I) Payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.
(B) Perpetual Debenture	(II) Company does not give any undertaking for the repayment of money borrowed by issuing such debentures.
(C) Specific Coupon Rate Debenture	(III) Issued with a specified rate of interest, which is called the coupon rate.
(D) Bearer Debenture	(IV) Can be transferred by way of delivery and the company does not keep any record of the debenture.

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (1) → (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

List-l Type of Debenture	List-II Meaning
(A) Redeemable Debenture	(I) Payable on the expiry of the specific period either in lump sum or in installments during the lifetime of the company.
(B) Perpetual Debenture	(II) Company does not give any undertaking for the repayment of money borrowed by issuing such debentures.
(C) Specific Coupon Rate Debenture	(III) Issued with a specified rate of interest, which is called the coupon rate.
(D) Bearer Debenture	(IV) Can be transferred by way of delivery and the company does not keep any record of the debenture.