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In case of issue of debentures as collateral security for a loan from the bank, which account will be debited?

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Question

In case of issue of debentures as collateral security for a loan from the bank, which account will be debited?

Options

  • Bank Account 

  • Bank Loan Account 

  • Debentures Account 

  • Debentures Suspense Account

MCQ
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Solution

Debentures Suspense Account

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