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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 which are converted in to shares.

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Solution

Convertible debentures
Explanation: Debentures that have an option/right to be converted into shares (either preference or equity shares) after a specified time period are known as convertible debentures.

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 6 | Page 372
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