Practicing Success
In case of Issue of debentures to a vendor for consideration other than cash _________, A/c is Debited. |
Debenture Account Vendor Account Statement of Profit & Loss Account General Reserve Account |
Vendor Account |
The correct answer is Option (2) - Vendor Account. 1) On purchase of assets- Sundry Assets A/c Dr. 2) On issue of debentures- |