Advertisements
Advertisements
प्रश्न
State whether the following statement is True (T) or False (F):
Premium on redemption of debentures account is shown under the ‘Securities Premium’ in the balance sheet.
सत्य या असत्य
Advertisements
उत्तर
This statement is false.
Explanation:
“Premium on Redemption” is a long-term liability (a future obligation to pay), whereas “Securities Premium” is part of the company’s reserves and surplus (retained profits). Therefore, Premium on Redemption cannot be shown under Securities Premium; it is presented under Non-Current Liabilities in the balance sheet.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
