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Which of the following statements is incorrect? (A) Interest on debentures is a charge and not an appropriation. (B) Debentures can be issued at a discount. - Accounts

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Question

Which of the following statements is incorrect?

Options

  • Interest on debentures is a charge and not an appropriation.

  • Debentures can be issued at a discount.

  • Debentureholders do not have voting rights.

  • Debentures cannot be converted into shares.

MCQ
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Solution

Debentures cannot be converted into shares.

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Chapter 7: Company Accounts - Issue of Debentures - OBJECTIVE TYPE QUESTIONS [Page 7.71]

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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. 44. | Page 7.71
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