Investments in debt securities


When investments in debt securities are purchased between interest payment dates, preferably the:

a) securities account should include accrued interest.

b) accrued interest is debited to Interest Expense.

c) accrued interest is debited to Interest Revenue.

d) accrued interest is debited to Interest Receivable.

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Accounting Basics: Investments in debt securities
Reference No:- TGS091976

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