Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Issue and Redemption of Debentures

Question:

Debenture includes:

Options:

Debenture Inventory

Bonds

Both of these

None of these

Correct Answer:

Both of these

Explanation:

As per Section 2(30) of The Companies Act, 2013, the term 'Debenture' encompasses Debenture Inventory, Bonds, and any additional securities issued by a company, regardless of whether they are secured by the company's assets or not.