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Those debentures where a charge is created on the assets of the company for the purpose of payment in case of default are known as ______. - Accounts

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Question

Those debentures where a charge is created on the assets of the company for the purpose of payment in case of default are known as ______.

Options

  • Redeemable Debentures

  • Registered Debentures

  • Specific Coupon Rate Debentures

  • Secured Debentures

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Solution

Those debentures where a charge is created on the assets of the company for the purpose of payment in case of default are known as secured debentures.

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Chapter 7: Company Accounts - Issue of Debentures - OBJECTIVE TYPE QUESTIONS [Page 7.69]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 7 Company Accounts - Issue of Debentures
OBJECTIVE TYPE QUESTIONS | Q A. 28. | Page 7.69
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