Accountancy, asked by shivangigautam7783, 1 day ago

Debentures issued as collateral security will be debited to :

Answers

Answered by komalharnit

Answer:

No accounting entry is required to be shown in the books of account at the time of issue of such debentures for the simple reason that the loan against which the debentures are issued as collateral security has already been credited, the debit being given to Bank.

Explanation:

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