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Debentures issued as collateral security will be debited to ______. - Accounts

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Question

Debentures issued as collateral security will be debited to ______.

Options

  • Bank Account

  • Debentures Suspense Account

  • Debentures Account

  • Bank Loan Account

MCQ
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Solution

Debentures issued as collateral security will be debited to debentures suspense account.

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Chapter 7: Company Accounts - Issue of Debentures - OBJECTIVE TYPE QUESTIONS [Page 7.68]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 7 Company Accounts - Issue of Debentures
OBJECTIVE TYPE QUESTIONS | Q A. 21. | Page 7.68
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