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Question
Debenture interest:
Options
Is payable only in case of profits
Accumulates in case of losses and inadequate profits
Is payable irrespective of profit or loss
None of the above
MCQ
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Solution
Is payable irrespective of profit or loss
Explanation:
Debenture interest is paid regardless of profit or loss.
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Accumulated Profits in Redemption of the Debenture
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