Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Issue and Redemption of Debentures

Question:
Which type of debentures can be transferred by way of delivery?
Options:
Registered Debentures
Bearer Debentures
Convertible Debenture
Specific Coupon Rate Debentures
Correct Answer:
Bearer Debentures
Explanation:
Bearer debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures.