Question

Which of the following is the acknowledgement of debt by corporation?

        Debentures
        Fixed deposits
        Equity shares
        Preference shares​

Answer 1

Answer:

Balance sheet

Balance sheet is the financial statement of a company which contains the transactions undertaken by it, details all the assets and liabilities, and acknowledges the debt of a company. The Company Law Tribunals have ruled contrary judgments while deciding acknowledgement of debt in the balance sheet.

Answer 2

Answer:

hope u help this

Explanation:

A debenture is an acknowledgement of debt under the common seal of a company.

The balance sheet is the financial statement of a company which contains the transactions undertaken by it, details all the assets and liabilities, and acknowledges the debt of a company. The Company Law Tribunals have ruled judgments while deciding acknowledgement of debt in the balance sheet.