Discount on issue of Debentures should be written off:
A. Out of Securities Premium Account
B. Out of Capital Profits
C. Out of Statements of Profit and Loss
D. In the above order over the period of debentures
Answer:D
Discount on issue of Debentures should be written off:
A. Out of Securities Premium Account B. Out of Capital Profits C. Out of Statements of Profit and Loss D. In the above order over the period of debentures