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प्रश्न
Loss on Issue of Debentures is written off in the year ______.
विकल्प
Debentures are issued from Securities Premium Account.
Debentures are allotted from Securities Premium Account.
Debentures are allotted from Securities Premium Account and Statement of Profit & Loss, in that order.
Debentures are issued from Securities Premium Account and Statement of Profit & Loss, in that order.
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उत्तर
Loss on Issue of Debentures is written off in the year debentures are allotted from Securities Premium Account and Statement of Profit & Loss, in that order.
Explanation:
Loss (discount) on the issue of debentures is written off in the year the debentures are allotted – first from the Securities Premium Account (to the extent available) and any remaining balance from the Statement of Profit & Loss.
