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What is the nature of debenture suspense account?
Debenture Suspense is adjustment account which is prepared at the time of issue of debenture as collateral security to record the collateral issue.
How do you prepare debenture account?
To prepare a debenture account, first record the issuance of debentures by debiting the debenture account and crediting the bank or cash account with the amount received. Subsequently, for any interest payments, debit the interest expense and credit the debenture account to reflect the accrued interest. Finally, upon redemption or repayment of the debentures, debit the debenture account and credit cash or the appropriate account to reflect the outflow. Ensure to maintain a clear record of all transactions related to the debenture for accurate accounting and reporting.
Is a debenture tax deductible?
Yes, interest payments on a debenture are generally tax-deductible for the issuing company, as they are considered a business expense. However, the principal amount of the debenture is not tax-deductible. It's important to consult tax regulations in your jurisdiction, as rules can vary.
Is debenture interest paid shown in balance sheet?
if Debenture interest is paid already then it will only show in income statement while if debenture interest is payable in future then it will only comes balance sheet, while if part of interest paid and part of interest payable then portion of paid amount will be shown in income statement while remaining amount will be shown in balance sheet as liability
What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
What is a debenture certificate?
it is a document that serve as evidence of a debenture for a debenture share holder
What is debenture certificate?
it is a document that serve as evidence of a debenture for a debenture share holder
Solve questions of debenture in advance accounting?
what is debenture
Is debenture a current asset?
No. Debenture is a form of liability for a business.
How does a term loan differ from a non invertible debenture?
Noninvertible debenture
Is debenture holder a customer of the company?
NO,debenture holder is the creditor of the company
What is the Legal definition of All Assets Debenture?
what is an all assets debenture
What is the journal entry for accrued debenture interest?
Interest A\c Dr Accured debenture Cr
What is the nature of debenture suspense account?
Debenture Suspense is adjustment account which is prepared at the time of issue of debenture as collateral security to record the collateral issue.
What is debendure?
I presume you meant debenture, a debenture is a long term loan taken out by a business
After redemption of debenture debenture reduption reserve where to transfer whether in PL Ac or in General reserve.?
After redemption of debentures, debenture redemption reserve is to be transferred to general reserve.
What is the secured redeemable non convertible debenture?
Type your answer here... debenture, which is secured and redeemable and which is non convertible in future is called secured redeemable non convertable debenture
