Question : When debenture are issued at collateral security, the final entry for recording the transaction in the books is :
Option 1: Debit Debenture suspense account and credit debenture account
Option 2: Credit Debenture account and debit cash account
Option 3: Debit debenture suspense account and credit cash account
Option 4: None of the above
Question : On dissolution, goodwill account is transferred to :
Option 1: the Capital Accounts of Partners
Option 2: On the credit of Cash Account
Option 3: On the Debit of Realisation Account
Option 4: On the Credit of Realisation Account
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