When debentures are issued as collateral security, the account to be debited to record in the books of account is __________.

CS Executive · Corporate and Management Accounting · PYQS · June 2022
When debentures are issued as collateral security, the account to be debited to record in the books of account is __________.
(A) Debenture Account
(B) Debenture Reserve Account
(C) Debenture Suspense Account
(D) Provision for Debenture Account

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Corporate Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic