Discount on issue of debentures is a __________
(a) Revenue loss to be charged in the year of issue
(b) Capital loss to be written off from capital reserve
(c) Capital loss to be written off over the tenure of the
debentures
(d) Capital loss to be shown as goodwill
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Answer / zareena akhtari
As per the Model Test Paper Book -1 issued by ICAI
the answer is: (C)
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / srikanth mudhiraj
(C). These loss will be transfer to P/L a/c every year equally till the debentures are redeemed.
| Is This Answer Correct ? | 1 Yes | 0 No |
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