Question

if debentures are issued as collateral security the journal entry will be________________ (a) Debit Debenture Suspense A/c and Credit Debenture A/c (b) Debit Cash A/c and Credit Loan A/c (c) Debit Cash A/c and Credit Debentures A/c (d) Debit Debenture Securities A/c & Credit Cash A/c

Answer 1

if debentures are issued as collateral security the journal entry will be Debit Debenture Suspense A/c and Credit Debenture A/c.

Answer 2

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Ans

Option.D

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