Pakistan study notes for Matric, Intermediate, B.A, B.COM BSC, M.A, BCS. Free Pakistani Urdu educational school, colleges and University notes.

Ordinary shares and Debenture

Q: What is meant by ordinary shares and Debenture?

Ans: According to its kind:

“The share which is not Preference shale is called Ordinary Share”. 

Debenture could be defined as:

“a confession according to which the company accepts indebted to the debenture holder”.

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