Which of the Following Security Can NOT Be Registered Under

question 33

Multiple Choice

Which of the following security can NOT be registered under the Personal Property Security Act 2009 (Cth) ?

• A) A home loan mortgage.
• B) A floating charge.
• C) A hire purchase agreement.
• D) A chattel mortgage.

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Definitions:

Report Form Balance Sheet

A type of balance sheet presentation where the assets, liabilities, and equity sections are presented vertically or in a list format.

Classified Balance Sheet

A balance sheet that organizes assets and liabilities into current and long-term categories.

Account Form Balance Sheet

A type of balance sheet presentation where assets are listed on the left side and liabilities and equity are listed on the right side.

Straight-Line Depreciation

A method of calculating the depreciation of an asset by evenly spreading its cost over its useful life.