Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Issue and Redemption of Debentures

Question:
How can the entire amount be collected on debentures?
Options:
On application
On allotment
On calls
All of these
Correct Answer:
All of these
Explanation:
The company may either ask for the entire amount to be paid on application or by means of instalments on application, on allotment and on various calls.