alleryA debenture is a written instrument that acknowledges a ___ taken by a company:
Areserve
Bdebt (loan)
Cgift
Dshare in ownership
Answer & Solution
Correct answer: B. debt (loan)
A debenture acknowledges a debt (loan) taken by the company.
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Related questions
Complete the debenture ruleOrder the capital ladderMatch the statement termWhen a debenture of face value ₹100 is issued for ₹100, it is issued:Debentures that are repaid by the company after a fixed period are:When a debenture of face value ₹100 is issued for ₹110, it is issued:When a share of face value ₹10 is issued for ₹10, it is said to be issued:The portion of the subscribed capital that the company has asked shareholders to pay is th