Question { 10917 }

Difference between debenture and insecure loans?

Answer

Debentures are issued on the basis of interest, paid to the
holders. and they are not the part of the company.

incase of unsecured loans, the loans which are lended to
the company on the Goodwill basis, but not for interest. in
simple i.e., the companies reputation in the market. no bond
nothing.

Question { Scope International, 31565 }

Who prepare income and expenditure account and for what?

Answer

it is prepared by the Accountant, to show the financial
years in and out's of the money in the process of busines
transactions.