Some Bonds Mature in Instalments

question 76

Multiple Choice

Some bonds mature in instalments.Bonds containing such feature are called:

• A)Secured Bonds
• B)Callable Bonds
• C)Serial Bonds
• D)Convertible Bonds

---

Definitions:

Voucher System

A set of procedures for authorizing and recording liabilities and cash payments.

Internal Control

Procedures and policies implemented by a company to safeguard its assets, ensure accurate financial reporting, and promote operational efficiency.

Cash Payments

Transactions in which payment for goods or services is made with cash at the time of purchase.

Voucher

A special form for recording relevant data about a liability and the details of its payment.