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P2 C2 ACCOUNTING FOR DEBENTURES — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP2 C2 ACCOUNTING FOR DEBENTURES1 Mark
Question
Can company forfeit the debentures on which installments are outstanding? Why?
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Answer

Company cannot forfeit the debentures on which installments are outstanding as debentures are company's debts to the investor.

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