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Commerce · Q1527

Accounting

Graduate and Post Graduate · Commerce · question 1527

Q1527

When a company buys its own debenture as an investment, the debenture account is debited with

A.
Face value of debenture
Answer
B.
Paid-up value of debentures
C.
Prepaid amount on debenture
D.
Difference between fall value and paid-up value on debenture

Answer: Option A

Solution

Answer: Option A
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