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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 1 · Set 1 · Q12
Assertion (A) : Irredeemable debentures are also known as perpetual debentures. Reason (R) : The company does not give any undertaking for the repayment of money borrowed by issuing such debentures. They are repayable on the winding up of the company or on the expiry of a long period. Choose the correct option from the following :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
Marking-scheme solution
(A)
Both Assertion (A) and Reason (R) are correct and reason (R) is the correct explanation of
Assertion (A).
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.