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Answer Posted / h.r. sreepada bhagi
A type of debt instrument that is not secured by physical
asset or collateral. Debentures are backed only by the
general creditworthiness and reputation of the issuer.
In other words a debenture is a document that either creates
a debt or acknowledges it. The term is used in corporate
finance for a medium to long-term debt instrument used by
large companies to borrow money. In some countries the term
is used interchangeably with bond, loan stock, note, etc.
Debentures are generally freely transferable by the
debenture holder. Debenture holders have no voting rights
and the interest paid to them is a charge against profit in
the company's financial statements.
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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