Redeemable debentures carry a specific date of redemption on the certificate. The company is legally bound to repay the principal amount to the debenture holders on that date. On the other hand, irredeemable debentures, also known as perpetual debentures, do not carry any date of redemption.
When the payment received and the nominal value of the debentures are same then it is the case of 'Issue of Debentures at Par'. In other terms, it is when the issue price is equivalent to the face value.
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Answer:
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Explanation:
Redeemable debentures carry a specific date of redemption on the certificate. The company is legally bound to repay the principal amount to the debenture holders on that date. On the other hand, irredeemable debentures, also known as perpetual debentures, do not carry any date of redemption.
Explanation:
When the payment received and the nominal value of the debentures are same then it is the case of 'Issue of Debentures at Par'. In other terms, it is when the issue price is equivalent to the face value.
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