Maharashtra State BoardHSC Commerce 12th Board Exam
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State to Whether the Following Statement is True/False. - Book Keeping and Accountancy

MCQ
True or False

State to whether the following statement is True/False.
The unregistered debentures are known as naked debentures.

Options

  • True

  • False

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Solution

True
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
  Is there an error in this question or solution?
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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 6 | Page 373
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