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Debentures Issued at Discount

If debentures...

Question

If debentures are issued at Discount, then Discount on issue of debenture A/c is:

A

Debited

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B

Credited

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Solution

The correct option is A Debited
If debentures are issued at Discount, then Discount on issue of debenture A/c is debited with the amount of discount on issue.

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