Answer Posted / kassahun t.

Debenture is issued by privite companies it has priorty
over equity share holders and the issuer has the obligation
to pay interes every year/semi annually and principal at
end of the period in aggreement.While bond is also long
term debt which is usually issued by govt/public/semi-
publicgovt.Its interest paid semi annually/yearly and
principal paid at end of period.So bond is more secured
because govt never buncrapt and shut down the existance.
(NB.this is my understandig)

Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

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