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easyMCQCUET Accountancy 2025 24 May Shift 12026Accountancy
1 mark

A debenture which is transferable merely by physical delivery is a:

  1. A
    First debenture
  2. B
    Registered debenture
  3. C
    Bearer debenture
  4. D
    Mortgage debenture

Solution & Step-by-step Explanation

A Bearer Debenture is not registered in the company's records under any specific investor's name. It is fully negotiable and transferable simply through physical hand-to-hand delivery.

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A debenture which is transferable merely by physical delivery is a:
A
First debenture
B
Registered debenture
C
Bearer debenture
D
Mortgage debenture

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