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Debenture

Accountancy

Sir why debenture suspense account is shown in asset side?

Sri kanaga Varshini

CA Final

★ 3K+

24-Oct-20 19:12

372

Answers (2)

This is a concept available only in ICAI material and not in real world. As per the study material, New debentures are issues as collateral for another loan or old debentures and when such new debentures are issued, they are not issued to outsiders but to self and hence both asset and liability for those debentures appears in company's books