Discussion Forum : Issue And Redemption Of Debentures
Question -


The journal entry for receipt of application money- 

Options:
A .   Bank A/c Dr.
To Debentureholders A/c
B .   Bank A/c Dr.
To Debentures A/c
C .   Bank A/c Dr.
To Debenture Application A/c
D .   None of these
Answer: Option C
:
C

The journal entry for receipt of application money- 
Bank A/c Dr.
To Debenture Application A/c



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