MCQOPTIONS
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MCQOPTIONS
| 1. |
If debentures are issued as collateral security the journal entry will be _ |
| A. | Debit Debenture Suspense A/c and Credit Debentures 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» B. Debit Cash A/c and Credit Loan A/c | |