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Accountancy · 2026 · 1 mark
CBSE 2026 · Region 4 · Set 3 · Q7
debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.
_____________ debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default.
As per the provisions of Companies Act, $\displaystyle 2013$, the amount received as Securities Premium cannot be utilised to :
Official answer
(a) → (B)
(b) → (C)
Marking-scheme solution
(B)
Secured
OR
Q. (b) As per the provisions of Companies Act, $\displaystyle 2013$…
Ans. (C) Purchase Fixed asset
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CBSE Class 12 Accountancy past-paper question from the 2026 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.