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Select Most Appropriate Alternative from Those Given Below :

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Question

Select most appropriate alternative from those given below :
The debentures which are converted into shares is called____________.

Options

  • converted debentures

  • non-convertible debenture

  • bearer debentures

  • unsecured debentures

MCQ
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Solution

The debentures which are converted into shares is called converted debentures.

Explanation: The debentures that are issued with an option of being converted into equity shares or preference shares after the expiry of a certain specified period are known as convertible debentures.

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Chapter 11: Company Accounts Part - 2 (Accounting for Debentures) - Exercise 3 [Page 372]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 11 Company Accounts Part - 2 (Accounting for Debentures)
Exercise 3 | Q 5 | Page 372

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