Which of the following statements is false?
The issue price and redemption value of debentures cannot differ
Debenture interest is a charge against profits
It is customary to prefix debentures with the agreed rate of interest
Debenture is a form of public borrowing
The issue price and redemption value of debentures cannot differ
The issue price and redemption value of debentures can differ.
Eg : Debentures issued at par and redeemed at premium