Accounting · Issue of Debentures
When interest on debentures becomes due, which account is debited in the books of the company?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement of Profit and Loss
- 2Bank Account
- 3Interest on Debentures Account✓
- 4Debenture Holders Account
Correct answer
Interest on Debentures Account
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