Which of the following statements gives the correct definition of "a security with a certain shape and condition, representing a certain proportion of the capital of a joint stock company and providing its owners with the right of partnership at that rate"?    a) Profit and loss partnership certificate  B) Participation usufruct certificate  NS) Government securities  D) private sector bonds  TO) stock

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following statements gives the correct definition of "a security with a certain shape and condition, representing a certain proportion of the capital of a joint stock company and providing its owners with the right of partnership at that rate"?

 
 a)

Profit and loss partnership certificate

 B)

Participation usufruct certificate

 NS)

Government securities

 D)

private sector bonds

 TO)

stock

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