Accountancy Part AAccounting for Shares

__________ refer to the units into which the total share capital of a…

__________ refer to the units into which the total share capital of a company is divided, and ____________ includes Bonds and any other securities of a company whether constituting a charge on the assets of the company or not.

Answer & explanation

Correct answer: option 2

The correct answer is Option (2) → Shares, Debenture

NCERT (2026-27 edition):
Nature and Classes of Shares – “Shares, refer to the units into which the total share capital of a company is divided. Thus, a share is a fractional part of the share capital and forms the basis of ownership interest in a company. The persons who contribute money through shares are called shareholders.”

NCERT (2026-27 edition):
Meaning of Debentures – “… According to section 2(30) of The Companies Act, 2013 ‘Debenture’ includes Debenture Inventory, Bonds and any other securities of a company whether constituting a charge on the assets of the company or not.”