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Direction: Choose the correct answer to the following questions from the given alternatives:
When debentures are issued as collateral security, the final entry for recording the transaction in the books is:
  • a)
    Credit debentures a/c. and debit cash a/c.
  • b)
    Debit debenture suspense a/c. and credit cash a/c.
  • c)
    Debit debenture suspense a/c. and credit debentures a/c.
  • d)
    Debit cash a/c. and credit the loan a/c. for which security is given.
Correct answer is option 'C'. Can you explain this answer?
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Direction: Choose the correct answer to the following questions from t...


  • Debentures issued as collateral security:


    • When debentures are issued as collateral security, the final entry for recording the transaction in the books is to debit the debenture suspense account and credit the debentures account.


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Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer?
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Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer?.
Solutions for Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Choose the correct answer to the following questions from the given alternatives:When debentures are issued as collateral security, the final entry for recording the transaction in the books is:a)Credit debentures a/c. and debit cash a/c.b)Debit debenture suspense a/c. and credit cash a/c.c)Debit debenture suspense a/c. and credit debentures a/c.d)Debit cash a/c. and credit the loan a/c. for which security is given.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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