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Define collateral

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Define collateral

Posted by Aman Singh 7 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Mayank Garg 7 years ago

Collateral means when a company needs loan and company gets loan from bank and against this company issue debenture as colleteral security to bank and if company fails to pay the loan amount then this collateral will be treated as debenture that why we treat it as a suspense debenture

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