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On issue of debentures as a collateral security, which account is credited? - Accounts

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Question

On issue of debentures as a collateral security, which account is credited?

Options

  • Debentures Account

  • Bank Loan Account

  • Debenture Holdings Account

  • Debenture Suspense Account

MCQ
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Solution

Debentures 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. 20. | Page 7.68
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