Question : Interest on debentures is considered as-
Option 1: Income
Option 2: Expense
Option 3: Liability
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer: Expense
Solution : Interest on Debentures is considered as an expense. It is a charge against the profit of the company and is payable whether the company earns profit or not
Hence, the correct answer is option 2.
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