WAEC Accounting 2016 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
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46. A loan to a company under the company's seal is A. fixed deposit B. mortgage C. bond D. debenture
- A. fixed deposit
- B. mortgage
- C. bond
- D. debentureCorrect
Explanation
Debenture is a document which indicates a company's indebtedness to the bearer. This is a form of long-term loan.
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