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Interest on debentures issued as a collateral security is paid on: - Accounts

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Question

Interest on debentures issued as a collateral security is paid on:

Options

  • Nominal value of debentures

  • No interest is paid.

  • Face value of debentures

  • Paid-up value of debentures

MCQ
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Solution

No interest is paid.

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Chapter 7: Company Accounts - Issue of Debentures - OBJECTIVE TYPE QUESTIONS [Page 7.68]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 7 Company Accounts - Issue of Debentures
OBJECTIVE TYPE QUESTIONS | Q A. 23. | Page 7.68
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