Question { TATA, 17514 }

What is meant by Cost Accounting? How it is different from
Financial Accounting?

Answer

A type of debt instrument that is not secured by physical
asset or collateral. Debentures are backed only by the
general creditworthiness and reputation of the issuer. Both
corporations and governments frequently issue this type of
bond in order to secure capital. Like other types of bonds,
debentures are documented in an indenture.

Reporting the financial position performance of the firm
through financial statements issued to the external users on
the periodic basis.