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Accountancy · 2024 · 1 mark
CBSE 2024 · Region 4 · Set 3 · Q14
Assertion (A): Interest on bearer debentures is paid to a person who produces the interest coupon attached to such debentures. Reason (R): Bearer…
Assertion (A) : Interest on bearer debentures is paid to a person who produces the interest coupon attached to such debentures. Reason (R) : Bearer debentures are transferred by way of delivery and the company does not keep any record of these debenture holders. Choose the correct option from the following :
Official answer
(A)
Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A)
Marking-scheme solution
(A)
Both Assertion(A) and Reason(R) are correct and Reason (R) is the correct
explanation of Assertion (A).
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CBSE Class 12 Accountancy past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.