When debentures are issued as collateral security the final entry for recording the transaction in t...........

Principles of Accounting & Financial Management Share capital and debentures

When debentures are issued as collateral security, the final entry for recording the transaction in the books is

Credit debentures a/c. and debit cash a/c.

Debit debenture suspense a/c. and credit debentures a/c.

Debit debenture suspense a/c. and credit cash a/c.

None of the options

Answer: Debit debenture suspense a/c.

To debentures a/c.

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