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
__________ is acknowledgment of debt under common seal of company.

Options

  • Share

  • Debenture

  • Cheque

  • Bond

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Solution

Debenture is acknowledgment of debt under common seal of company.
Explanation: Debentures are written acknowledgement of debt issued under the common seal of a company with fixed rate of interest to the debenture holders.

Concept: Meaning and Concept of Debentures
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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 1 | Page 372
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