Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Issue and Redemption of Debentures

Question:
Convertible debentures can be which of the following?
Options:
Fully convertible
Partially Convertible
Optionally convertible
All of the above
Correct Answer:
All of the above
Explanation:
Convertible Debentures: Debentures which are convertible into equity shares or in any other security either at the option of the company or the debenture holders are called convertible debentures. These debentures are either fully convertible or partly convertible.