What are debentures? what are the features of debentures? List types of debentures. Merits and demerits of debentures.
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Explanation:
Features of Debentures:
Debenture holders are the creditors of the company carrying a fixed rate of interest. ...
Debenture is redeemed after a fixed period of time.
Debentures may be either secured or unsecured.
Interest payable on a debenture is a charge against profit and hence it is a tax deductible expenditure.
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