WAEC Commerce 1991 (August) Question 40

Question 40

Business Finance

Debentures are part of a company's

  1. A.authorized share capital
  2. B.issued share capital
  3. C.paid-up capital
  4. D.loan capital
  5. E.called-up-capital
Show the answer and explanation

Answer: D (loan capital)

Explanation

Debentures are loans to the company, not shares.