question_answer 7)

Debentures represent (a) fixed capital of the company (b) permanent capital of the company (c) fluctuating capital of the company (d) loan capital of the company

Answer:

(d) The debenture issued by a company is an acknowledgment that the company has borrowed a certain amount of money, which it promises to repay at a future date. Therefore, debentures represent loan capital of the company.