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Sources of Business Finance — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMSources of Business Finance2 Marks
Question
What is a 'Floating Charge' ?
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Answer

  • For the safety of debenture holders, company has mortgaged its assets and it is known as floating charge on that assets. It means the possession of the assets belongs to the owner and company can use it.

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