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Accountancy · 2026 · 1 mark
CBSE 2026 · Region 5 · Set 1 · Q6
Reserve capital is that portion of the capital that can be called only in the event of winding up of the company.
Reserve capital is that portion of the _________ capital that can be called only in the event of winding up of the company.
The debentures which do not carry a specific rate of interest are known as :
Official answer
(a) → (B)
(b) → (D)
Marking-scheme solution
(B)
uncalled
OR
Q.(b)The debentures which do not carry…………………………………
Ans. (D) Zero coupon rate debentures
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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.