State to Whether the Following Statement is True/False. - Book Keeping and Accountancy
State to whether the following statement is True/False.
The unregistered debentures are known as naked debentures.
Explanation: Unregistered debentures are also known as naked or bearer debentures. Such debentures are issued without any security, i.e. they do not have a charge on the assets of a company.
Concept: Meaning and Concept of Debentures
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