Maharashtra State BoardHSC Commerce 12th Board Exam
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Write One Word/Term/Phrase Which Can Substitute the Following - Book Keeping and Accountancy

One Word Answer

Write one word/term/phrase which can substitute the following
The debentures of which payment is made on the expiry of specific period.

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Solution

Redeemable debentures
Explanation: The debentures that are to be paid back after a specified period of time, as per the terms of the issue, are known as redeemable debentures. They can only be redeemed after the expiry of a specified period.

Concept: Meaning and Concept of Debentures
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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 4 | Page 372
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