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Question
At the time of issue of debentures, Debentures Account is ______.
Options
Credited by the amount received
Credited by issues price of debentures
Credited by the nominal (face) value of the debentures
None of the above
MCQ
Fill in the Blanks
Solution
At the time of issue of debentures, Debentures Account is credited by the nominal (face) value of the debentures.
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Issue of Debentures for Consideration Other than Cash
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