Test Index

CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice

Question : 56

Total: 60

Which of the followings statements is false :

Equity is owner’s stake and the debenture is a debt
Rate of interest on debentures is fixed
Debenture holders get preferential treatment over the equity holders at the time ofliquidation
Interest on debentures is an appropriation of profits.

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