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Question
When debentures are issued as a collateral security & No journal entry is made in the account books at the time of issue of such debentures, then debentures are shown by way of ___
When debentures are issued as a collateral security & No journal entry is made in the account books at the time of issue of such debentures, then debentures are shown by way of
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Solution
The correct option is D Note below the loan amount
A note is appended below the loan on the liabilities side of the balance sheet to the fact that they have been secured by the issue of debentures.
Note below the loan amount
A note is appended below the loan on the liabilities side of the balance sheet to the fact that they have been secured by the issue of debentures.
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