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Question
Write one word/term/phrase which can substitute the following
The acknowledgment of debt under common seal of company.
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Solution
Debenture
Explanation: Debentures are debt funds issued in the form of certificates under the common seal of the company. The certificates contain the details about rate of interest for the specified period, repayment of principal and the schedule of interest payments.
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The debentures of which payment is made on the expiry of specific period.
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The debentures which are converted in to shares.
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The debenture holder is ___________ of the company.
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Unsecured debentures are safer than secured debentures.
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The debentures which are converted into shares.
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Match the items given in Column I with the headings/subheadings (Balance sheet) as defined in Schedule III of Companies Act 2013.
| Column I | Column II | ||
| (I) | Loose Tools | (a) | Intangible fixed assets |
| (II) | Patents | (b) | Other current assets |
| (III) | Prepaid insurance | (c) | Long term Borrowings |
| (IV) | Debentures | (d) | Inventories |
| (V) | Machinery | (e) | Tangible Fixed assets/Property, Plant and Equipment |
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A Debenture issued by a company by creating a fixed or a floating charge on the company's assets is known as ______.
