Class 12 Accountancy - Company Accounts and Analysis of Financial Statements - Chapter Issue and Redemption of Debentures NCERT Solutions | What does a Bearer Debenture mean?

Welcome to the NCERT Solutions for Class 12th Accountancy - Company Accounts and Analysis of Financial Statements - Chapter Issue and Redemption of Debentures. This page offers a step-by-step solution to the specific question from Exercise 1, Question 2: what does a bearer debenture mean....
Question 2

What does a Bearer Debenture mean?

Answer

Bearer debentures are unregistered debentures that can be transferred by mere delivery. No records are maintained in the company's debenture-holders' register for the ownership of these securities. Such debentures are issued physically, i.e., on paper.

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