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प्रश्न
What is the accounting treatment of ‘Loss on Issue of Debentures’?
लघु उत्तर
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उत्तर
As per ISC Council rules, any discount or loss on debenture issuance must first be written off from the securities premium, if any; then from the capital reserve, if any; and finally from surplus, or the balance in the year’s profit and loss statement.
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