Accountancy Part AIssue and Redemption of Debentures

On Bearer debentures, Interest is paid to a person who produces the .…

On Bearer debentures, Interest is paid to a person who produces the ................ attached to such debentures?

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Interest Coupon

NCERT (2026-27 edition):
From the view Point of Registration – “… Bearer Debentures: Bearer debentures are the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures Interest on debentures is paid to a person who produces the interest coupon attached to such debentures.”