Mcq Question
On issue of the debenture as a collateral security , which account is credited?
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Answer:
Sometimes issue of debentures as collateral security is recorded by making journal entry as follows:
ADVERTISEMENTS: Debentures Suspense a/c Dr. The Debentures Suspense Account will appear on the assets side of the balance sheet and Debentures on the liabilities side.
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1
Answer:
sometimes issue of debentures as a collateral security is recorded by making journal entry as follow
Advertisement:avengers suspense account Dr the deventure suspense actor will appear on the sides of the balance sheet and debentures of the liabilities sides
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