There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the options given below.

Assertion (A):  The Bank account is debited when the money is received for debentures by a company.
Reason (R):  Bank being a real account needs to be debited when something comes in.

On receipt of the application money:
Bank A/c Dr.
     To Debenture Application A/c
* Specifically, with the rule “debit what comes in and credit what goes out.” With a real account, when something comes into your business (e.g., an asset), debit the account. When something goes out of your business, credit the account.