Accountancy, asked by deepbrar1060, 19 days ago

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

Answers

Answered by tayoubashaik

Explanation:

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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