Question

Select most appropriate alternative from those given below :

__________ is acknowledgment of debt under common seal of company.
a) Share
b) Debenture
c) Cheque
d) Bond

Answer 1

Debenture is acknowledgment of debt under common seal of company.

Explanation: Debentures are written acknowledgement of debt issued under the common seal of a company with fixed rate of interest to the debenture holders.