O-LevelAccountingThe fundamentals of accounting7707/13 · Oct/Nov 2023 · Q261 Mark

What are the features of a debenture? [Table with columns: return received, rate of return, voting rights. Rows for options A, B, C, D]

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Adividend, based on profit, yes

Bdividend, fixed rate, no

Cinterest, based on profit, yes

Dinterest, fixed rate, no

✓ Correct answer

D: interest, fixed rate, no

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 3, question 26.

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What are the features of a debenture? [Table with columns: return received, rate of return, voting rights. Rows for options A, B, C, D]

✓ Correct answer

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