A document which acknowledges that a company owes a named person a stated sum of money with the promise that a stated interest rate will be paid periodically is called

By: |Published on: Aug 17|Categories: Accounting WAEC| 0 comments

A. share certificate
B. preference certificate
C. debenture certificate
D. allotment certificate
E. call certificate

Correct Answer:

Option C – debenture certificate

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