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What is Meant by an ‘Irredeemable Debenture’? - Accountancy

Short Note

Short Answer Question

What is meant by an ‘Irredeemable Debenture’?

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Solution

Irredeemable Debentures are those debentures that are not repayable or redeemable by a company during its life time. These are repayable only at the time of winding up of the company. These are also known as Perpetual Debentures that means debentures having indefinite life. In India, now days, no company can issue irredeemable debentures.

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APPEARS IN

NCERT Class 12 Accountancy - Company Accounts and Analysis of Financial Statements
Chapter 2 Issue and Redemption of Debentures
Short Answer Question | Q 7 | Page 134
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