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WAEC Financial Accounting 2009 Question 49

Question 49

Company Accounts

A debenture holder is a

  1. A.creditor
  2. B.promoter
  3. C.debtor
  4. D.shareholder
Show the answer and explanation

Answer: A (creditor)

Explanation

A debenture holder has lent money to the company, so he is a creditor, not an owner.