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Debentures issued as collateral security will be ______ to Debenture Suspense Account.

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Question

Debentures issued as collateral security will be ______ to Debenture Suspense Account.

Options

  • debited

  • credited

  • sometimes debited and sometimes credited

  • None of these

MCQ
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Solution

Debentures issued as collateral security will be debited to Debenture Suspense Account.

Explanation:

The Debenture Suspense Account will be debited for debentures issued as collateral security.

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