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Can you explain the answer of this question below:
This a MCQ (Multiple Choice Question) based practice test of Chapter 7 - Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinations
Q  Debenture Application Account is:
  • A:
    Interest
  • B:
    Nominal Account
  • C:
    Real Account
  • D:
    None of these
The answer is C.
Most Upvoted Answer
Can you explain the answer of this question below:This a MCQ (Multiple...
Its a real account because debenture is a loan (liability)for the company but not for the investor. investor has given loan to company in other words he his account is credited.. (personal acct)and the other acct is debenture application acct is debited..
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Community Answer
Can you explain the answer of this question below:This a MCQ (Multiple...
Correct answer is D it is a personal Acc as it represents debentureholders
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Can you explain the answer of this question below:This a MCQ (Multiple Choice Question) based practice test of Chapter 7- Company Accounts Issue of Debentures of Accountancy of Class XII (12) for the quick revision/preparation of School Board examinationsQ Debenture Application Account is:A:InterestB:Nominal AccountC:Real AccountD:None of theseThe answer is C.
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