HomeTestsSearchRankProfile
easyMCQCUET Accountancy 2022 30 Aug Shift 22026Accountancy
1 mark

Calculate the amount of yearly interest payable on debentures ( debentures of Rs. ) issued as collateral security.

  1. A
    No Interest payable
  2. B
    Rs.
  3. C
    Rs.
  4. D
    Rs.

Solution & Step-by-step Explanation

Debentures issued as collateral security do not carry any right to interest unless the principal loan for which they are secured is defaulted and the lender invokes the security. Hence, no interest is payable.

Practice this question

Try it yourself before checking the explanation above.

Calculate the amount of yearly interest payable on debentures ( debentures of Rs. ) issued as collateral security.
A
No Interest payable
B
Rs.
C
Rs.
D
Rs.

Share This Question

Related Questions

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Discussion