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A document which acknowledges that a company owes a named person a stated sum of...

Accounts - Principles of Accounts
WAEC 1996
A document which acknowledges that a company owes a named person a stated sum of money with the promise that a stated interest rate will be paid periodically is called
  • A. share certificate
  • B. preference certificate
  • C. debenture certificcate
  • D. allotment certificate
  • E. call certificate
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Correct Answer: Option C
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