This page helps you prepare the Issue and Redemption of Debentures chapter the way CBSE and CUET actually test it.
- 1-mark questions: 62 questions, mostly MCQ on collateral security, types of debentures and discount on issue.
- 3 and 4-mark questions: 70 and 46 questions, the largest bands, built around issue and redemption journal entries.
- 6-mark long answers: 32 questions (plus a small 5-mark set of 4), where issue is paired with interest and redemption.
The Issue and Redemption of Debentures PYQ set gathers 226 board-paper questions across 2000 to 2026, sorted by marks and by year. You attempt issue entries, interest on debentures and redemption in the same order the real paper sets them.
Every question in this Class 12 Accountancy Issue and Redemption of Debentures PYQ compilation is sourced from CBSE board papers (Delhi, Outside Delhi, Foreign and Compartment) and cross-checked against the official mark scheme, with near-duplicate questions removed.
What the Issue and Redemption of Debentures Previous Year Questions Cover
The 226-question set covers every concept the NCERT chapter builds. Issue and redemption journal entries drive the heavy 3, 4 and 6-mark bands. Discount or loss on issue and its writing off carries many 3-mark questions. Short reasoning on debentures as collateral security fills the 1-mark MCQs. Redemption by conversion, out of profits and by sinking fund appears across the long answers.
Marks-wise Distribution of the Issue and Redemption of Debentures PYQs
The table below shows how the 226 questions split across the CBSE marks bands. Use it to decide how much revision time each band deserves.
| Marks | Questions | Total Marks | CBSE Section | Type |
|---|---|---|---|---|
| 1 mark | 62 | 62 | Section A | MCQ / Assertion-Reason |
| 2 mark | 12 | 24 | Section B | VSA (Very Short Answer) |
| 3 mark | 70 | 210 | Section C | SA (Short Answer) |
| 4 mark | 46 | 184 | Section D | Case Study |
| 5 mark | 4 | 20 | Section E | Long Answer |
| 6 mark | 32 | 192 | Section E | Long Answer |
Year-wise Spread of Class 12 Accountancy Issue and Redemption of Debentures PYQs
The compilation draws from more than 20 CBSE board years. About 40% of the questions come from 2023 onwards, with the 3 and 4-mark journal-entry bands carrying most of the recent weight.
- 2026: A collateral-security MCQ, an interest-on-debentures written-off calculation on a 9% issue at a discount, and short issue entries.
- 2024 to 2025: The heaviest contribution years, with MCQ banks on collateral security and discount, plus several issue and redemption journals.
- 2020 to 2023: Reduced-syllabus papers, but the issue-at-discount journal and a 2023 ten-thousand-debenture entry still appear.
- 2000 to 2019: Heritage long answers on redemption by conversion, redemption out of profits and the sinking fund method, all still valid today.
Topic Frequency in the Issue and Redemption of Debentures Board Paper Questions
The 226 questions cluster into the six topic buckets below, ranked by how often CBSE has set them between 2000 and 2026.
| Rank | Topic Cluster | Frequency | Typical Marks Band |
|---|---|---|---|
| 1 | Issue of debentures journal entries (at par, premium, discount, terms of issue) | ~26 per cent | 3, 4, 6 mark |
| 2 | Redemption of debentures (lump sum, conversion, draw of lots) | ~20 per cent | 4 and 6 mark |
| 3 | Discount or loss on issue (writing off, statement of profit and loss) | ~16 per cent | 1, 3, 4 mark |
| 4 | Debentures as collateral security (meaning, two methods of recording) | ~14 per cent | 1 and 3 mark |
| 5 | Interest on debentures (calculation, TDS, half-yearly payment) | ~13 per cent | 3 and 4 mark |
| 6 | Redemption out of profits and DRR (Debenture Redemption Reserve, investment) | ~11 per cent | 4 and 6 mark |
Marks-Band Attempt Strategy for the Issue and Redemption of Debentures PYQs
The 226 PYQs are arranged marks-ascending inside the PDF, so you can attempt them in the same order the CBSE paper presents them.
- 1-mark MCQs: Spend no more than 45 seconds each. Many test collateral security or the type of debenture.
- 3-mark questions: Usually an issue journal at a discount or a short interest calculation. Always show the loss-on-issue amount written off.
- 4-mark questions: Often a redemption entry or an issue with terms of redemption. Aim for 6 to 7 minutes.
- 6-mark long answers: Issue paired with interest and redemption, including DRR. Allocate 12 to 15 minutes.
Recent CBSE Trend: 2024 to 2026 Pattern Shift in Issue and Redemption of Debentures
Three things have changed in the recent CBSE cycles that the Issue and Redemption of Debentures previous year questions now reflect:
- Section A now carries a fixed block of 1-mark MCQ and assertion-reason questions. The compilation includes 62 such questions, many on collateral security.
- Interest-on-debentures questions now ask for the exact amount written off, as in the 2026 half-yearly 9% issue at a 10% discount.
- The 6-mark answers often combine issue and redemption in one question, so the PDF keeps both parts together for each one.
Sample Previous Year Questions from Issue and Redemption of Debentures
Here are a few real previous year questions from the Issue and Redemption of Debentures board papers, taken straight from the compilation. The full set is in the downloadable PDF.
Which of the following is not correct about collateral security?
- It is a primary security.
- It is an additional security.
- It is a subsidiary security.
- It is a secondary security.
[2026 • 1 mark]
On 1st April, 2024 Vinar Ltd. issued Rs 5,00,000, 9% debentures of Rs 100 each at 10% discount. Interest is payable half yearly on 30th September and 31st March every year. The amount of interest written off on 31st March, 2025 was:
- Rs 50,000
- Rs 25,000
- Rs 22,500
- Rs 45,000
[2026 • 1 mark]
M Ltd. issued 10,000, 8% Debentures of Rs. 100 each at 6% discount. The amount was payable as Rs. 60 on application and the balance on allotment. All money was duly received. Pass necessary journal entries in the books of M Ltd.
[2023 • 3 mark]
Common Mistakes in the Issue and Redemption of Debentures Board Questions
- Treating discount or loss on issue as an expense in one year instead of writing it off over the life of the debentures.
- Forgetting TDS on debenture interest when the question asks for the net interest paid.
- Recording debentures issued as collateral security on the wrong side, or skipping the second method entirely.
- Mixing up premium on redemption with premium on issue, which changes the journal entry.
- Omitting the Debenture Redemption Reserve transfer when redemption is out of profits.
Student Feedback on Issue and Redemption of Debentures PYQ Practice
- 69 per cent said discount-and-loss-on-issue writing off was the hardest part of the 3 and 4-mark bands.
- 56 per cent reported scoring better in redemption questions after solving every long answer in this PDF.
- 44 per cent said an interest-on-debentures calculation appeared in their actual 2026 board paper.
- Average time to finish all 226 PYQs: about 16 hours across 8 study sessions.
How These PYQs Pair with the Other Issue and Redemption of Debentures Resources
Solving previous year questions alone gives you only half the prep. Pair the PYQ PDF with the matching concept, formula and solution resources for Issue and Redemption of Debentures.
| Resource | What It Gives You | Open |
|---|---|---|
| NCERT Solutions | Step-by-step worked answers to every NCERT back-exercise question of Issue and Redemption of Debentures | NCERT Solutions for Issue and Redemption of Debentures |
| Notes | Concept revision notes covering every topic in the Issue and Redemption of Debentures chapter | Issue and Redemption of Debentures Class 12 Notes |
| Handwritten Notes | Scanned handwritten notes of Issue and Redemption of Debentures for quick one-shot revision | Issue and Redemption of Debentures Handwritten Notes |
| NCERT Book | Official NCERT Issue and Redemption of Debentures chapter PDF for free download | Issue and Redemption of Debentures NCERT Book PDF |
How to Use the Issue and Redemption of Debentures PYQ PDF Most Effectively
The 226 questions are sequenced for a three-pass revision plan:
- Pass 1 (Day 1 to 2): Attempt all 62 one-mark MCQs on collateral security, debenture types and discount. Re-read the relevant NCERT paragraph for each wrong answer.
- Pass 2 (Day 3 to 5): Solve the 70 three-mark and 46 four-mark issue and redemption entries. Time yourself: 5 minutes per 3-mark, 7 minutes per 4-mark.
- Pass 3 (Day 6 to 10): Work through the 32 six-mark and 4 five-mark long answers, writing issue, interest and redemption with the DRR transfer.
All Class 12 Accountancy Chapter PYQ PDFs
Class 12 Accountancy has two books. Each chapter below has its own PYQ compilation, sorted by marks and tagged by year.
Part 1: Partnership Accounts
| Chapter | Topic | Previous Year Questions |
|---|---|---|
| Chapter 1 | Accounting for Partnership: Basic Concepts | PYQ PDF |
| Chapter 2 | Reconstitution of a Partnership Firm - Admission of a Partner | PYQ PDF |
| Chapter 3 | Reconstitution of a Partnership Firm - Retirement / Death of a Partner | PYQ PDF |
| Chapter 4 | Dissolution of Partnership Firm | PYQ PDF |
Part 2: Company Accounts and Analysis of Financial Statements
| Chapter | Topic | Previous Year Questions |
|---|---|---|
| Chapter 1 | Accounting for Share Capital | PYQ PDF |
| Chapter 2 | Issue and Redemption of Debentures | PYQ PDF |
| Chapter 3 | Financial Statements of a Company | PYQ PDF |
| Chapter 4 | Analysis of Financial Statements | PYQ PDF |
| Chapter 5 | Accounting Ratios | PYQ PDF |
| Chapter 6 | Cash Flow Statement | PYQ PDF |
Also Check: NCERT Solutions for Class 12 Accountancy
Class 12 Accountancy Issue and Redemption of Debentures PYQ FAQs
Ques. How many previous year questions are in the Class 12 Accountancy Issue and Redemption of Debentures PYQ PDF?
Ans. The PDF has 226 previous year questions from CBSE board papers between 2000 and 2026, sorted by marks (1 to 6) and then by year, latest first. Near-duplicate questions across sets and years are removed so the same question never repeats.
Ques. Are the Issue and Redemption of Debentures PYQs based on the 2026-27 CBSE syllabus?
Ans. Yes. Every question follows the 2026-27 CBSE Class 12 Accountancy syllabus. Older long-form questions are kept because the core ideas (issue, discount, interest, redemption) are unchanged in the current syllabus.
Ques. Which topics of Issue and Redemption of Debentures appear most often in CBSE board papers?
Ans. From the 226-question set: issue of debentures journal entries (about 26 per cent), redemption of debentures (about 20 per cent), discount or loss on issue (about 16 per cent), debentures as collateral security (about 14 per cent), and interest on debentures.
Ques. How is this PYQ PDF different from a CBSE sample paper?
Ans. A sample paper gives you one paper. This PDF stitches together more than 20 years of questions across every set and region (Delhi, Outside Delhi, Foreign and Compartment) for Debentures alone, so you can see which topics CBSE repeats and how each idea is usually phrased.
Ques. Does the Issue and Redemption of Debentures PYQ PDF include MCQs?
Ans. Yes. 62 of the 226 questions are 1-mark questions, mostly MCQ and assertion-reason from 2023 onwards, when CBSE introduced the Section A objective block. Many test collateral security and discount on issue.
Ques. Where can I download the Issue and Redemption of Debentures Class 12 PYQ PDF for free?
Ans. The full Issue and Redemption of Debentures PYQ PDF is free to download from the PDF button at the top of this page. No sign-up is needed.
Ques. How should I use these PYQs to revise Issue and Redemption of Debentures in the last 10 days?
Ans. Use the three-pass plan: Day 1 to 2 attempt all 62 MCQs, Day 3 to 5 solve the 3 and 4-mark issue and redemption entries, Day 6 to 10 attempt all 36 long answers under a 12-minute timer. Always show the loss-on-issue amount written off.
Ques. Does the PDF give answers or only the questions?
Ans. The PDF gives every question with a full step-by-step solution, sorted by marks and year, so you can attempt each one like a practice paper and then check the worked answer. For full solutions, open the NCERT Solutions page for Issue and Redemption of Debentures.
Ques. Are issue journal entries important for the CBSE Debentures questions?
Ans. Very. Issue of debentures journal entries form the largest single topic in this chapter, running through the 3, 4 and 6-mark bands. Practising every issue entry in the PDF, at par, at premium and at a discount with terms of redemption, is the best use of your time here.
Ques. What is a debenture?
Ans. A debenture is a written instrument that acknowledges a company's debt. It carries a fixed rate of interest and is repaid on a fixed date. Debenture holders are creditors of the company, not owners, so they get interest whether or not the company earns a profit.
Ques. How is collateral security defined?
Ans. Collateral security is an extra security a borrower gives a lender in addition to the main security for a loan. When debentures are issued as collateral security, the lender can use them only if the company fails to repay the loan, so they may or may not be recorded by a journal entry.
Ques. What is the Debenture Redemption Reserve?
Ans. The Debenture Redemption Reserve (DRR) is a reserve a company creates out of its profits before it redeems debentures. It protects the interests of debenture holders by setting aside profits, which are then not available for dividend, so that funds are ready for redemption.
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