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Match the kind of debenture

Exercise and reference answers

Matching pairs
  1. Left
    Secured
    Right
    Carries a charge on the assets
  2. Left
    Unsecured
    Right
    Has no specific charge on assets
  3. Left
    Redeemable
    Right
    Repaid after a fixed period
Instructions
Match each kind of debenture to what it means.

Explanation

_Source: syllabus Accountancy, Ch 2 'Issue and Redemption of Debentures'_
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