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Identify the account to be credited in case of the following transaction. Purchase of own debentures by a company.

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Question

Identify the account to be credited in case of the following transaction.

Purchase of own debentures by a company.

One Word/Term Answer
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Solution

Bank Account (or Cash Account)

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Chapter 2: Issue and Redemption of Debentures - Intext Questions [Page 136]

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NCERT Accountancy Company Accounts and Analysis of Financial Statements [English] Class 12
Chapter 2 Issue and Redemption of Debentures
Intext Questions | Q (I) 4. | Page 136
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