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What do you mean by debenture? …

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What do you mean by debenture? ?

Posted by D J 6 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Kautilya Mishra 6 years, 7 months ago

Debentures is the Creditor of the Company(Co.)

Gaurav Seth 6 years, 7 months ago

When a company desires to borrow a considerable sum of money for its expansion, it invites the general public to subscribe to its debentures. A debenture is a certificate issued by the company acknowledging the debt due by it to its holders and is issued by means of a prospectus in the same manner as shares.

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