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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
Fill in the Blanks
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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Issue of Debentures for Consideration Other than Cash
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