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Write One Word/Term/Phrase Which Can Substitute the Following - Book Keeping and Accountancy

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Question

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

One Word/Term Answer
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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.

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Chapter 11: Company Accounts Part - 2 (Accounting for Debentures) - Exercise 2 [Page 372]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 11 Company Accounts Part - 2 (Accounting for Debentures)
Exercise 2 | Q 4 | Page 372

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