Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Companies: Debentures › Debentures with no specific charge on the assets…
Debentures with no specific charge on the assets of the company are called what?
AUnsecured debentures
BConvertible debentures
CRegistered debentures
DMortgage debentures
Answer & Solution
Correct answer: A. Unsecured debentures
Without a specific charge on assets, the debentures are unsecured, which is why they are rarely issued.
Related questions
Compared with convertible debentures, non-convertible ones usually carry what?In the United Kingdom, a debenture is usually what?In United States usage, what does debenture specifically mean?Debenture holders usually lack which right at a company's general meetings?1,00,000 face value of debentures is converted into Rs 10 shares issued at Rs 2.50 premiumA firm cancels debentures of Rs 20,000 face value bought at 92 percent. How much cash doesDebentures of Rs 20,000 face value are bought at Rs 92 per Rs 100 and cancelled. What is tProfit on buying back debentures below par is finally transferred to what?