This is one of the fundamental topics of class 12 accountancy. The shareholders or stakeholders supply the capital of an agency. These shareholders squeeze out a share from the company in exchange for funds. Share Capital involves these types of transactions. There are various categories of share capital. At the same time, accounting for debenture refers to the long-term insurance blending out a predefined rate of interest issued by a business firm. Large firms usually utilize this to raise capital for business purposes.