On liquidation of company principal amount of debentures is returned ........

General Accounting Principles Accounting For Debentures

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On liquidation of company, principal amount of debentures is returned :

First of All

Last of All

Before Equity Capital

After Equity Capital

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Explanation:

A debenture called debenture certificate is an acknowledgement of the debt by the company.debenture is an instrument or document issued by a company acknowledgingn a debt. it has a term of repayment of principal and also payment of interest at a rate specified at the time of its issue

According to section 2(30) of the companies act, 2013 "Debenture includes debenture stock, bonds and any other instrument of the company evidencing a debt, whether constituting a charge on the asset of a company or not,"

On liquidation of company, principal amount of debentures is returned Before Equity Capital