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Question
State to whether the following statement is True/False.
The amount of irredeemable debentures is not paid in the life time of the company.
Options
True
False
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Solution
True
Explanation: Irredeemable debentures are not payable during the life time of a company. They are also known as perpetual debentures. They are paid only at the time of liquidation or in the event of winding up of the company.
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