Maharashtra State BoardHSC Arts 12th Board Exam
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Select Most Appropriate Alternative from Those Given Below : - Book Keeping and Accountancy

MCQ

Select most appropriate alternative from those given below :
___________debentures of which the amount is repaid written specific period.

Options

  • Redeemable

  • Irredeemable

  • Secured

  • Non convertible

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Solution

Redeemable debentures of which the amount is repaid within specific period.

Explanation: Debentures, on which the amount is to be paid back after a specified period of time, as per the terms of the issue, are known as redeemable debentures. They can only be redeemed after the expiry of a specified time period.

Concept: Issue of Debentures for Consideration Other than Cash
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 11 Company Accounts Part - 2 (Accounting for Debentures)
Exercise | Q 7 | Page 372
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