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
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.
Question : Loss/Discount or Loss on Issue of Debentures is written off from
Question : From which account, expenses on issue of shares will be first written off from :
Question : Which of the following statements is false?
Question : Discount on issue of debenture is a
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