When debentures are issued as collateral security using the Debenture Suspense Account method, the entry is:
Debenture Suspense A/c Dr. 8,00,000
To Debentures A/c 8,00,000.
Thus the Debenture Suspense A/c is debited with the face value of debentures issued, i.e., 8,00,000.
Company raised a loan of Rs. 5,00,000 from PNB against 5% debenture of Rs. 8,00,000 of Rs. 100 each as a collateral security. The "Debenture suspense…
CUET UG 2023 — Accountancy Company Accounts
2023mcqeasy
Company raised a loan of Rs. 5,00,000 from PNB against 5% debenture of Rs. 8,00,000 of Rs. 100 each as a collateral security. The "Debenture suspense A/c" will be debited with :
Official previous-year question
Held on 28 May 2023 · Verified 13 Jul 2026.
Options
- A
Rs. 5,00,000
- B
Rs. 3,00,000
- C
Rs. 8,00,000
- D
Rs. 13,00,000
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