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Home Questions HJBTHXJKV5
Target Exam

CUET

Subject

Accountancy

Chapter

Issue and Redemption of Debentures

Question:
At the time of issue of debentures, the debentures account is credited with:
Options:
Amount received
Issue price of debentures
Nominal value of debentures
None of these
Correct Answer:
Nominal value of debentures
Explanation:
At the time of issue of debentures, the debentures account is credited with the nominal value of the debentures. This represents the face value or par value of the debentures being issued.

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