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प्रश्न
Which of the following column indicated in the statement given below is to be debited?
"Purchase of own debentures by the company for cancellation" ·
विकल्प
Own debentures Account
Debentures Account
Assets Account
None of these
MCQ
उत्तर
Own debentures Account.
Explanation:
When the corporation purchases its own debentures, the "own debenture account" is deducted against the cash paid. Purchases of personal debentures should be regarded similarly to other investments.
shaalaa.com
Redemption of Debentures
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