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     EduGorilla 
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    A Ltd. had Rs. 5, 00,000 12% debentures outstanding as on 1st Jan, 2003. During the year company took a loan of Rs. 3,00,000 from Bank of Punjab for which the company placed with the bank debentures of Rs. 3,60,000 as collateral security. Entry when Debentures issued as collateral security

    Options :-

    1. Debenture suspense  360000
      a/c                    Dr.
        To 12 % Debenture a/c  360000

    2. Debenture suspense  600000
      a/c                    Dr.
         To 12 % Debenture a/c  600000

    3. Debenture suspense  500000
      a/c                    Dr.
       To 12 % Debenture a/c  500000

    4. Debenture suspense  300000
      a/c                    Dr.
        To 12 % Debenture a/c  300000

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Reply To: A Ltd. had Rs. 5, 00,000 12% debentures outstanding as on 1st Jan, 2003. During the year company too….
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