Class 12 Accountancy - Company Accounts and Analysis of Financial Statements - Chapter Issue and Redemption of Debentures NCERT Solutions | What is meant by a ‘Irredeemable D

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 Excercise ".$ex_no." , Question 7: what is meant by a lsquo irredeemable debenture r....
Question 7

What is meant by a ‘Irredeemable Debenture’?

Answer

Irredeemable Debentures are those debentures that are not repayable or redeemable by a company during its life time. These are repayable only at the time of winding up of the company. These are .also known as Perpetual Debentures that means debentures having indefinite life. In India, now’ days, no company can issue irredeemable debentures.

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