Which of the following does not form part of shareholders...
Which of the following does not form part of shareholders fund?
Ordinary shares
Shares premium
Profit
Debenture
Correct answer is D
Debentures are a long-term security yielding a fixed rate of interest, issued by a company and secured against assets. It is a debt security issued by a company by a company to raise money. The holders are paid the amount lended with interest. They are not a source of equity financing.
Which of the following is the basis for apportioning rent among departments? ...
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