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Why is premium on the issue of debentures considered a capital profit? - Accounts

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प्रश्न

Why is premium on the issue of debentures considered a capital profit?

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उत्तर

It is considered a capital profit because it does not arise from the normal operating activities of the business. Instead, it results from transactions like the premium on the issue of shares or the sale of fixed assets.

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अध्याय 7: Company Accounts - Issue of Debentures - SHORT ANSWER QUESTIONS [पृष्ठ ७.५३]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 7 Company Accounts - Issue of Debentures
SHORT ANSWER QUESTIONS | Q 16. | पृष्ठ ७.५३
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