On the issue of debentures as collateral security, which account is credited?
Debentures A/c
Bank Loan Account
Debenture Holdings A/c
Debenture Suspense A/c
On the issue of debentures as collateral security, Debentures A/c is credited.
Describe the meaning of 'Debenture Issued as Collateral Securities. What accounting treatment is given to the issue of debentures in the books of accounts?