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Question
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.
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Unsecured debentures are safer than secured debentures.
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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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