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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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sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,
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