O-LevelAccountingThe fundamentals of accounting7707/12 · May/June 2020 · Q251 Mark

Which is a feature of debentures?

Aare a long-term liability of a company

Bcarry a fixed rate of dividend

Ccarry voting rights

Don liquidation are paid back after shareholders

✓ Correct answer

A: are a long-term liability of a company

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Topic: The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2020 Paper 1 Variant 2, question 25.

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