JAMB Commerce 2020 Objective — Question 17

Question 17 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2020 Objective paper, with the correct answer and a full explanation.

17. All the following are sources of finance to a sole proprietor except

A. A. Overdraft
B. B. DebentureCorrect
C. C. Credit purchase
D. D. Bank loan

Explanation

Only a public limited company is allowed to issue debenture to seek loans from outside the company.

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