Question : Interest on debentures is written off from:
Option 1: Statement of Profit and Loss Account
Option 2: Reserve Capital
Option 3: Both 1 and 2
Option 4: None of the above

Question

Question : Interest on debentures is written off from:

Option 1: Statement of Profit and Loss Account

Option 2: Reserve Capital

Option 3: Both 1 and 2

Option 4: None of the above

Team Careers360 · Accepted Answer

Correct Answer: Statement of Profit and Loss Account

Solution : Interest on debentures is an expense for the company, hence it is debited to the Statement of Profit and Loss Account. Hence, the correct answer is option 1.

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Question : Interest on debentures is written off from:Option 1: Statement of Profit and Loss AccountOption 2: Reserve CapitalOption 3: Both 1 and 2Option 4: None of the above

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Question : Interest on debentures is written off from:
Option 1: Statement of Profit and Loss Account
Option 2: Reserve Capital
Option 3: Both 1 and 2
Option 4: None of the above